8.9)

The cash account for Brentwood Bike Co. at May 1, 2016, indicated a balance of $34,250. During May, the total cash deposited was $140,300, and checks written totaled $138,880. The bank statement indicated a balance of $43,525 on May 31. Comparing the bank statement, the can and the accompanying memos with the records revealed the following reconciling items: celed checks, 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 G. A check for $1,325 from Jennings Co. was returned by the bank due to insufficlent funds. Instructions 1. Prepare a bank reconcilation as of May 31. Refer to the Amount Descriptions list provided for the exact provided for the exact wording of the choices for text entries. "Deduct." or "Add: " will automatically appear if it is required. 2. Journalize the necessary entries. The accoun 2Journalize the necessary enties. The accounts have not been closed. Refer to the Chart of Accounts for exact wording of account tities. If a balance sheet were prepared for Brentwood Bike Co. on May 31, 2016, what amount should be reported as cash