Bank Reconciliation and Entries The cash account for Brentwood Bike Co. at May 1 indicated a balance of $13,880. During May, the total cash deposited was $70,550 and checks written totaled $65,510. The bank statement indicated a balance of $23,920 on May 31. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling item:s a. Checks outstanding totaled $10,650. b. A deposit of $8,680, 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. $4,590 on a note left for collection. The face of the note was $4,230 d. A check for $580 returned with the statement had been incorrectly charged by the bank as $850. e. A check for $970 returned with the statement had been recorded by Brentwood Bike Co. as $790. 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 $1,060 from Jennings Co. was returned by the bank because of insufficient funds