DAKOTA CO. Bank Reconciliation For the Month Ended June 30, 20Y3 Cash balance according to bank statement $34,350 Add outstanding checks: No. 7715 $2,175 7760 1,373 7764 2,775 7765 1,163 7,486 $41,836 Deduct deposit of June 30, not recorded by bank 9,300 Adjusted balance $32,536 Cash balance according to company's records Add: Proceeds of note collected by bank: $23,438 Principal $9,000 Interest 540 $9,540 Service charges 45 9,585 $33,023 $5,769 Deduct: Check retumed because of insufficient funds Error in recording June 20 deposit of $21,440 as $12,440 Adjusted balance 9,000 14,769 $18,254 Prepare a corrected bank reconciliation Prepare a corrected bank reconciliation. Dakota Co. Bank Reconciliation Du 0, 20Y 34,350 Cash balance according to bank statement: Add deposit of June 30, not recorded by bank 9,300 0 Deduct outstanding checks -2,175 No. 7715 - 1,373 No. 7760 -2.775 No. 7764 -1,163 1.814 x No. 7765 36,164 23438 Adjusted balance Cash balance according to Dakota Co. Add: Proceeds of note collected by bank: Principal Interest Error in recording June 20 deposit as $12,440 instead of $21.440 9,000 540 0 X 4,050 x 0 13.590 X -818 X 363 X Add: Check returned because of insufficient funds Service charges Adjusted balance 12.727 X Feedback