Bank Reconciliation and Entries

The cash account for Coastal Bike Co. at October 1, 20Y9, indicated a balance of $13,640. During October, the total cash deposited was $69,320 and checks written totaled $64,360. The bank statement indicated a balance of $23,500 on October 31, 20Y9. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items:

1. Checks outstanding totaled $10,470.
2. A deposit of $8,530, representing receipts of October 31 had been made too late to appear on the bank statement.
3. The bank had collected for Coastal Bike Co. $4,510 on a note left for collection. The face of the note was $4,160.
4. A check for $580 returned with the statement had been incorrectly charged by the bank as $850.
5. A check for $970 returned with the statement had been recorded by Coastal Bike Co. as $790. The check was for the payment of an obligation to Rack Pro Co. on account.
6. Bank service charges for October amounted to $60.
7. A check for $1,040 from Bay View Condos was returned by the bank due to insufficient funds.

Instructions:

1. Prepare a bank reconciliation as of October 31, 20Y9.

Coastal Bike Co.
Bank Reconciliation
October 31, 20Y9
Cash balance according to bank statement		$fill in the blank 6758d8fedfc107c_1
Adjustments:
	$fill in the blank 6758d8fedfc107c_3
	fill in the blank 6758d8fedfc107c_5
	fill in the blank 6758d8fedfc107c_7
Total adjustments		fill in the blank 6758d8fedfc107c_8
Adjusted balance		$fill in the blank 6758d8fedfc107c_9
Cash balance according to company's records		$fill in the blank 6758d8fedfc107c_10
Adjustments:
	$fill in the blank 6758d8fedfc107c_12
	fill in the blank 6758d8fedfc107c_14
	fill in the blank 6758d8fedfc107c_16
	fill in the blank 6758d8fedfc107c_18
Total adjustments		fill in the blank 6758d8fedfc107c_19
Adjusted balance		$fill in the blank 6758d8fedfc107c_20

2. Journalize the necessary entries (a.) that increase cash and (b.) that decrease cash. The accounts have not been closed. For a compound transaction, if an amount box does not require an entry, leave it blank.

a. 20Y9 Oct. 31		fill in the blank 6e61f7079fedff0_2	fill in the blank 6e61f7079fedff0_3
		fill in the blank 6e61f7079fedff0_5	fill in the blank 6e61f7079fedff0_6
		fill in the blank 6e61f7079fedff0_8	fill in the blank 6e61f7079fedff0_9
b. Oct. 31		fill in the blank 6e61f7079fedff0_11	fill in the blank 6e61f7079fedff0_12
		fill in the blank 6e61f7079fedff0_14	fill in the blank 6e61f7079fedff0_15
		fill in the blank 6e61f7079fedff0_17	fill in the blank 6e61f7079fedff0_18
		fill in the blank 6e61f7079fedff0_20	fill in the blank 6e61f7079fedff0_21

3. If a balance sheet were prepared for Coastal Bike Co. on October 31, 20Y9, what amount should be reported as cash? $fill in the blank 5808c9fa7f83074_1