Bank Reconciliation and Entries

following reconciling items:

a$.$ Checks outstanding totaled $$11,440.$

b$.$ A deposit of $$9,310,$ 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$.$ $$4,920$ on a note left for collection. The face of the note was $$4,540.$

d$.$ A check for $$270$ returned with the statement had been incorrectly charged by the bank as $$720.$

e$.$ A check for $$410$ returned with the statement had been recorded by Brentwood Bike Co$.$ as $$140.$ The check was for the payment of an obligation to Adkins Co$.$ on account.

f$.$ Bank service charges for May amounted to $$50.$

g$.$ A check for $$1,140$ from Jennings Co$.$ was returned by the bank because of insufficient funds.

Instructions:

Prepare a bank reconciliation as of May $31.$

Brentwood Bike Co$.$

Bank Reconciliation

May $31$

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or understates cash in the company section, the journal adjustment would decrease Cash or increase Cash, respectively.