please prepare using bank reconciliation given Bank Reconciliation and Entries The cash account for...
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please prepare using bank reconciliation given
Bank Reconciliation and Entries The cash account for Brentwood Bike Co. at May 1 indicated a balance a eposited was $73,270 and checks written totaled $68,030. The bank statement indicated a balan f $14,480. During May, the total cash $24,840 on May 31. C the records revealed the following reconciling items a. Checks outstanding totaled $11,060. b. A deposit of $9,010, representing receipts of May 31, had been made too late to appear on the bank omparing the bank statement, the canceled checks, and the accompanying memos with statement. c. The bank had collected for Brentwood Bike Co. $4, 760 on a note left for colection. The face of the note was $4,400. d. A check for $580 returned with the statement had been incorrectly charged by the bank as $850. e. A check for $520 returned with the statement had been recarded by Brentwood Blike Co. as $250. The Adkins Co. on account check was for the payment of an obligation to y amounted to $50. f. Bank service charges for Ma $1,100 from Jennings Co. was returned by the bank because of insufficient funds Instructions: Brentwood Bike Co. Bank Reconciliation May 31 1. Prepare a bank reconciliation as of May 31. to bank statement
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