ellook Show Me How Come tatining wild learning resource from Cengage Learning Bank Reconciliation and Entries The cash account for Coastal Bike Co. at October 1, 2019, indicated a balance of $13,420, During October, the total cash deposited was $66,780 and checks written totaled $62,010. The bank statement indicated a balance of $22,640 on October 31, 2019. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: a. Checks outstanding totaled $10,080. b. A deposit of $8,210, representing receipts of October 31 had been made too late to appear on the bank statement. c. The bank had collected for Coastal Bike Co. $4,340 on a note left for collection. The face of the note was $4,010. d. A check for $490 returned with the statement had been incorrectly charged by the bank as $940. e A check for $850 returned with the statement had been recorded by Coastal Bike Co. as $580. The check was for the payment of an obligation to Rack Pro Co. on account. Bank service charges for October amounted to $40. 9. A check for $1,000 from Bay View Condos was returned by the bank due to insufficient funds. Instructions: 1. Prepare a bank reconciliation as of October 31, 2019. Coastal Bike Co. Bank Reconciliation October 31, 2019 Cash balance according to bank statement Adjustments: Deposit of October 31, not recorded by bank Bank error in charging check as $940 instead of $490 Outstanding checks 8210 22,640 Total adjustments Adjusted balance Cash balance according to company's records Adjustments: Previous