1. Prepare a bank reconciliation as of October 31,20Y9. Labels and Amount Descriptions Labels For the Month Ended October 31, 20Yg October 31, 20Yg Amount Descriptions Adjusted balance Bank error in charging check as $710 instead of $170 Bank service charges Check returned because of insufficient funds Deposit in transit on October 31 Error in recording check Note collected by bank, including \$295 interest Outstanding checks Total additions Total deductions CHART OF ACCOUNTS Coastal Bike Co. General Ledger ASSETS 110 Cash 111 Petty Cash 112 Accounts Receivable-Bay View Condos 131 Notes Receivable 141 Merchandise Inventory 145 Office Supplies 146 Store Supplies 151 Prepaid Insurance 181 Land 191 Office Equipment 192 Accumulated Depreciation-Office Equipment 193 Store Equipment 194 Accumulated Depreciation-Store Equipment LIABILITIES 211 Accounts Payable-Rack Pro Co. 221 Notes Payable 222 Interest Payable 231 Salaries Payable 241 Sales Tax Payable REVENUE 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Goods Sold 515 Credit Card Expense 516 Cash Short and Over 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Insurance Expense 534 Office Supplies Expense 535 Rent Expense 536 Repairs Expense 537 Selling Expenses 538 Store Supplies Expense 561 Depreciation Expense-Office Equipment 562 Depreciation Expense-Store Equipment 590 Miscellaneous Expense 710 Interest Expense EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends The cash account for Coastal Bike Co. at October 1, 20Y9, indicated a balance of $32,788. During October, the total cash deposited was $139,699, and checks written totaled $138,679. The indicated a balance of $42,830 on October 31 , 20Y9. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: a. Checks outstanding totaled $6,659. b. A deposit of $1,875 representing receipts of October 31, had been made too late to appear on the bank statement. c. The bank had collected for Coastal Bike Co. $6,195 on a note left for collection. The face of the note was $5,900. d. A check for $170 returned with the statement had been incorrectly charged by the bank as $710. e. A check for $310 returned with the statement had been recorded by Coastal Bike Co. as $130. The check was for the payment of an obligation to Rack Pro Co. on account. f. Bank service charges for October amounted to $24. g. A check for $1,213 from Bay View Condos was returned by the bank due to insufficient funds. Required: 1. Prepare a bank reconciliation as of October 31,20Y9. 2. Journalize the necessary entries. 3. If a balance sheet were prepared for Coastal Bike Co. on October 31,20Y9, what amount should be reported as cash? 2. Journalize the necessary entries. Final Question 3. If a balance sheet were prepared for Coastal Bike Co. on October 31, 20Y9, what amount should be reported as cash