following reconciling items: a. Checks outstanding totaled $9,820. b. A deposit of $8,000, 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. $4,230 on a note left for collection. The face of the note was $3,900. d. A check for $270 returned with the statement had been incorrectly charged by the bank as $720. f. Bank service charges for May amounted to $60. 9. A check for $980 from Jennings C0. was returned by the bank because of insufficient funds. Check My Work overstates or understates cash in the company section, the journal adjustment would decrease Cash or increase Cash, respectively. 3. If a balance sheet is prepared for Brentwood Bike Co. on May 31 , what amount should be reported as cash? Feedback Theck My Work 3. Recall that the company's cash account balance is updated for any items in the company section of the bank reconciliation