Chapter 8 HMWK eBook Show Me How 1. TMM.08.01 Bank Reconciliation and Entries 2. TMM.08.02 3. TMM.08.04 4. TMM.08.05 The cash account for Brentwood Bike Co. at May 1 indicated a balance of $14,360. During May, the total cash deposited was $72,270 and checks written totaled $67,100. The bank statement indicated a balance of $24,500 on May 31. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: a. Checks outstanding totaled $10,910. b. A deposit of $8,890, 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. $4,700 on a note left for collection. The face of the note was $4,340. d. A check for $490 returned with the statement had been incorrectly charged by the bank as $940. 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 $40. g. A check for $1,080 from Jennings Co. was returned by the bank due to insufficient funds. 5. TMM.08.06 6. PE.08.02B Instructions: 7. PE.08.03B 1. Prepare a bank reconciliation as of May 31. 8. PE.08.03.ALGO