Bank Peconciliation and Entries The cash bccount for Brentwood Bike Co, at May 1 indicated a bolance of $14,680. During May, the total cash deposited was $73,400 and checks written totaled $68,150. The bank statement indicated a balance of $24,880 on May 31. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the follewing reconclling items: a. Checks outstanding totaled 511,080 , b. A deposit of $9,030, 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, $4,270 on a note left for collection. The face of the note was $4,400. d. A check for $270 returned with the statement had been incorrectly charged by the bank as $720. e. A check for $850 returned with the statement had been recorded by Brentwood Bike Co. as $580. The check was for the payment of an obligation to Adkins Co. on account. 4. Bank service charges for May ameunted to $50. 9. A check for $1,100 from Jennings Co. was returned by the bank because of insufficient funds; Instructions: 1. Prepare a bank reconciliation as of May 31