DAKOTA CO Bank Reconciliation For the Month Ended June 30, 20Y3 Cash balance according to bank statement $22,900 Add outstanding checks: No. 7715 7760 7764 7765 $1,450 915 1,850 775 4,990 $27,890 (6,200) $21,690 Deduct deposit of June 30, not recorded by bank Adjusted balance Cash balance according to company's records $15,625 Add: Proceeds of note collected by bank Principal $6,000 Interest 360 $6,360 Service charges 30 6,390 $22,015 Deduct: Check returned because of insufficient funds $545 Deduct: Check returned because of insufficient funds $545 Error in recording June 20 deposit of $5,200 as $2,500 2,700 (3,245) Adjusted balance $18,770 Prepare a corrected bank reconciliation. Dakota Co. Bank Reconciliation June 30, 20Y3 Cash balance according to bank statement: Add deposit of June 30, not recorded by bank Deduct outstanding checks: No. 7715 No. 7760 No. 7764 No. 7765 Adjusted balance Cash balance according to Dakota Co. Add: Proceeds of note collected by bank: Principal Interest Error in recording June 20 deposit as $2,500 instead of $5,200 Deduct: Check returned because of insufficient funds Error in recording June 20 deposit of $5,200 as $2,500 2,700 (3,245) Adjusted balance $18,770 Prepare a corrected bank reconciliation. Dakota Co. Bank Reconciliation June 30, 20Y3 Cash balance according to bank statement Add deposit of June 30, not recorded by bank Deduct outstanding checks No. 7715 No. 7760 No. 7764 No. 7765 Adjusted balance Cash balance according to Dakota Co. Add: Proceeds of note collected by bank: Principal Interest Error in recording June 20 deposit as $2,500 instead of $5,200 Deduct: Check returned because of insufficient funds Service charges Adjusted balance