On May 31, the Kane Company’s bank statement showed a$9,900.50 balance. The bank statement also showed that the bankcollected a $1,200.00 note for Kane Company. A $1,315.80 depositmade on May 31 was in transit. Check #314 and check #415 for $48.50and $465.12 were outstanding. Kane’s bank charges a service chargeof $0.15 per processed check. This month Kane wrote 70 checks. Kanehas a $9,512.88 checkbook balance. Prepare a reconciled balance
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