3. If a balance sheet is prepared for Brentwood Bike Co. on May 31, what amount should be reported as cash? $ Bank Reconciliation and Entries a. Checks outstanding totaled $10,550. b. A deposit of $8,600, 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. $4,540 on a note left for collection. The face of the note was $4,190. d. A check for $490 returned with the statement had been incorrectly charged by the bank as $940. f. Bank service charges for May amounted to $50. g. A check for $1,050 from Jennings Co. was returned by the bank because of insufficient funds. Instructions: 1. Prepare a bank reconciliation as of May 31