Bank Reconciliation The following June 30 bark reconciliation was prepared for Poway Co. Poway Co. Bank Reconciliation For the Month Ended June 30 \begin{tabular}{|c|c|c|c|} \hline Cash balance according to bank statement & & & $16,185 \\ \hline \multicolumn{4}{|l|}{ Add outstanding checks: } \\ \hline No. 1067 & & $575 & \\ \hline 1106 & & 470 & \\ \hline 1110 & & 1,050 & \\ \hline \multirow[t]{2}{*}{1113} & & 910 & 3,005 \\ \hline & & & $19,190 \\ \hline Deduct deposit of June 30, not recorded by bank & & & 6,600 \\ \hline Adjusted balance & & & $12,590 \\ \hline Cash balance according to company/s records & & & $8,985 \\ \hline \multicolumn{4}{|l|}{ Add: Proceeds of note collected by bank: } \\ \hline Principal & $6,000 & & \\ \hline Interest & 300 & $6,300 & \\ \hline \multirow[t]{2}{*}{ Service charges } & & 15 & 6,315 \\ \hline & & & $15,300 \\ \hline Deduct: Oheck retumed because of insurficient funds & & $890 & \\ \hline Error in recording June 17 deposit of $7,150 as $1,750 & & 5,400 & 6,290 \\ \hline Adjusted balance & & & $9,010 \\ \hline \end{tabular} Identify the errors in the above bank reconciliation. Item Correct Heading Outstanding checks Deposit of June 30 Service charges Error in June 17 deposit. Prepare a new bank reconciliation for Poway Co., using the format shown in the illustrative problem. Poway Co. Bank Reconciliation June 30 Cash balance according to bank statement. $ Prepare a new bark reconciliation for Poway Co., using the format shown in the illustrative problem. Poway Co. Bank Reconciliation June 30