Bank Reconciliation and Entries The cash account for Brentwood Bike Co. at May 1 indicated a balance of $12,940. During May, the total cash deposited was $64,820 and checks written totaled $60,190. The bank statement indicated a balance of $21,970 on May 31. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: a. Check outstanding totaled $9.790 b. A deposit of $7,970, representing receipts of May 31, had been made too late to appear on the bank statement. The bank had collected for Brentwood Bike Co. $4,210 on a note left for collection. The face of the note was $3,890. d. A check for $270 returned with the statement had been incorrectly charged by the bank as $720. 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 Bank service charges for May amounted to $30. 4. A check for $970 from Jennings Co. was returned by the bank because of insufficient funds. Instructions: 1. Prepare a bank reconciliation as of May 31