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a. Checks outstanding totaled $6,625. b. A deposit of $1,888 representing receipts of October 31 , had been made too late to appear on the
a. Checks outstanding totaled $6,625. b. A deposit of $1,888 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. $5,250 on a note left for collection. The face of the note was $5,000. d. A check for $260 returned with the statement had been incorrectly charged by the bank as $620. e. A check for $410 returned with the statement had been recorded by Coastal Bike Co. as $140. The check was for the payment of an obligation to Rack Pro Co. on account. f. Bank service charges for October amounted to $37. g. A check for $1,418 from Bay View Condos was returned by the bank due to insufficient funds. Bank Reconciliation Coastal Bike Co. Score: 32/118 Bank Reconciliation October 31, 20 Y9 \begin{tabular}{|l||l|l|l|} \hline 1 & Cash balance according to bank statement \\ \hline 2 & \\ \hline 3 & & \\ \hline 4 & & \\ \hline 5 & Deduct: Outstanding checks \\ \hline 6 & Adjusted balance & \\ \hline 7 & \\ \hline 8 & Cash balance according to company's records \\ \hline 9 & Add: note interest \\ \hline 10 & Deduct: Error in recording check \\ \hline 11 & Deduct: Note Interest \\ \hline 12 & Deduct: Bank service charges \\ \hline 13 & \\ \hline 14 & Adjusted balance \\ \hline \end{tabular} Question not attempted
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