Bank Reconciliation The following bank reconciliation was prepared for Dakota Co. DAKOTA CO. Bank Reconciliation For the Month Ended June 30, 20Y3 Cash balance according to bank statement $26,335 Add outstanding checks: No. 7715 $1,667 7760 1,052 7764 2,128 7765 891 5,738 $32,073 Deduct deposit of June 30, not recorded by bank (7,130) Adjusted balance $24,943 Cash balance according to company's records $17,969 Add: Proceeds of note collected by bank: Principal $6,900 Interest 414 $7,314 Service charges 35 7,349 $25,318 Deduct: Check returned because of insufficient funds $221 Error in recording June 20 deposit of $9,620 as $6,920 2,700 2,921 Adjusted balance $22,397 Prepare a corrected bank reconciliation