An accounting clerk for Poway Co. prepared the following bank reconciliation:

Poway Co.

Bank Reconciliation

For the Month Ended June 30, 2016

1	Cash balance according to bank statement			$16,185.00
2	Add outstanding checks:
3	No. 1067		$575.00
4	No. 1106		470.00
5	No. 1110		1,050.00
6	No. 1113		910.00	3,005.00
7				$19,190.00
8	Deduct deposit of June 30, not recorded by bank			6,600.00
9	Adjusted balance			$12,590.00
10	Cash balance according to company's records			$8,985.00
11	Add: Proceeds of note collected by bank:
12	Principal	$6,000.00
13	Interest	300.00	$6,300.00
14	Service charges		15.00	6,315.00
15				$15,300.00
16	Deduct: Check returned because of insufficient funds		$890.00
17	Error in recording June 17 deposit of $7,150 as $1,750		5,400.00	6,290.00
18	Adjusted balance			$9,010.00

Identify the errors in the bank reconciliation and prepare a corrected bank reconciliation. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Deduct:, Add: or No. will automatically appear if it is required.