eBook Show Me How Calculator Print Item Bank Reconciliation and Entries The cash account for Brentwood Bike Co. at May 1 indicated a balance of $13,850. During May, the total cash deposited was $68,970 N checks written totaled $64,040. The bank statement indicated a balance of $23,380 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 $10,410. b. A deposit of $8,480, 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. $4,480 on a note left for collection. The face of the note was $4,140. d. A check for $490 returned with the statement had been incorrectly charged by the bank as $940. e. A check for $630 returned with the statement had been recorded by Brentwood Bike Co. as $360. The check was for the payment of an obligation to Adkins Co. on account. f. Bank service charges for May amounted to $60. g. A check for $1,030 from Jennings Co. was returned by the bank because of insufficient Instructions: 1. Prepare a bank reconciliation as of May 31. Brentwood Bike Co. Bank Reconciliation May 31 Cash balance according to bank statement