Home work-Bank Reconciliation 1 Business A's bank statement dated May 31, 2017 shows a cash balance of 26,794. 2 The business's cash records on the same date show a balance of 25,436. 3 Following checks issued by the business to its suppliers are still outstanding: No. 846 issued on May 29 320. No. 875 issued on May 26 49. 4 No. 878 issued on May 29 275. No. 881 issued on May 31 A deposit of 1600 made on May 31 does not appear on bank statement. 186 9 7 Interest income earned on the business's average cash balance at bank was 1,037 A deposit of 431 was incorrectly entered as 340 in the business's cash records. The bank collected a note receivable on behalf of the business. Amount received by the bank on the note was 2050. This includes 50 interest income. The bank charged a collection fee of 10 8 A NSF check of 1000 was returned by the bank with the bank statement. 9 The bank charged 90 as service fee.