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The cash account for Brentwood Bike Co. at May 1, indicated a balance of $34.250...

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The cash account for Brentwood Bike Co. at May 1, indicated a balance of $34.250 During May, the total cash deposited was $140,300, and checks wrtten totaled $138,880. The bank statement indicated a balance of $43,525 on May 31. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: A. Checks outstanding totaled $6,440 B. A deposit of $1,850 representing receipts of May 31, had been made too late to appear on the bank statement C. The bank had collected for Brentwood Bike Co $5.250 on a note left for collection. The face of the note was $5,000 D. A check for $390 returned with the statement had been incorrectly charged by the bank as $930 E. A check for $210 returned with the statement had been recorded by Brentwood Bike Co. as $120. The check was for the payment of an obligation to Adkins Co. on account F Bank service charges for May amounted to $30 A check for $1.325 from Jenninas Co. was returned bv the bank due to insufficient

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