Create the Journal entry: The cash account for Brentwood Bike Co. at May 1 indicated a balance of $32,527. During May, the total cash deposited was $139,121, and checks written totaled $135,890. The bank statement indicated a balance of $43,660 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 $6,625.
b.	A deposit of $1,888 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. $5,250 on a note left for collection. The face of the note was $5,000.
d.	A check for $260 returned with the statement had been incorrectly charged by the bank as $620.
e.	A check for $410 returned with the statement had been recorded by Brentwood Bike Co. as $140. The check was for the payment of an obligation to Adkins Co. on account.
f.	Bank service charges for May amounted to $37.
g.	A check for $1,418 from Jennings Co. was returned by the bank due to insufficient funds.

Labels and Amount Descriptions Labels For the Month Ended May 31 May 31 Amount Descriptions Bank error in charging check as $260 instead of $620 Bank error in charging check as $620 instead of $260 Bank service charges Check returned because of insufficient funds Company error in recording note collected by bank Deposit of May 31, not recorded by bank Error in recording check Outstanding checks Note and interest collected by bank