Bank Feconciliation and Fetries The cain account for Brentwood Bake Co. at May 1 indicated a balance of $14,310. During Ma\%, the total cash depos ted was $71,560 and checks written totaled $66,440. The back statemest indicated a balance of $24,260 on May 31 . Comparing the bank statement, the canceled checks, and the accomparying memos with the recordt revealed the following reconcling iterns: a. Ghecks outstanding totaled $10,810. b. A deposit of $8,800, representing receipss of May 31, had been made too late to appear on the bank statement. c. The bank had collected for Brentwood Bike Co, 54,650 on a note ief for collection, The face of the note was $4,290. d. A check for $270 returned with the statement had been incorrectly charged by the bank as $720. e. A check for $550 returned with the statement had been recorded by Brentwood sike Co. as $580. The check was for the payment of an obligation to Adkins Co, on acesunt. t. Bank service charges for May amounked to $40 9. A check for $1,070 from Jennings Co. was returned by the bank because of insufficient funds. Instructions: 1. Prinans a hank recenciliation as of May 31 . 2. Jourhalie the necessary entries (a.) that increase cash and (b.) trat decrease cash, the accounts have not beth closed. For a compound transaction, if an amount. box does not reauee an entry. leare it blank. 3. If a balanke theet is precared for Brentwosd bake Co. in Mar 31, what amsunt shouid be reported as cash