I.I. D Update mentMain.do?invoker-&takeAssignmentSessionLocator=&inprogress=false Bank Reconciliation and Entries The cash account for Brentwood Bike Co. at May 1 indicated a balance of $14,370. During May, the total cash deposited was $72,820 and checks written totaled $67,610. The bank statement indicated a balance of $24,690 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 $11,000. b. A deposit of $8,960, 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. $4,730 on a note left for collection. The face of the note was $4,370. d. A check for $580 returned with the statement had been incorrectly charged by the bank as $850. e. A check for $410 returned with the statement had been recorded by Brentwood Bike Co. as $140. The check was for the payment of an obligation to Adkins Co. on account. f. Bank service charges for May amounted to $30. 0. A check for $1,090 from Jennings Co. was returned by the bank because of insufficient funds. Instructions: 1. Prepare a bank reconciliation as of May 31. Brentwood Bike Co. Bank Reconciliation May 31 Cash balance according to bank statement 100 0000 0 Check My Work more Check My Work uses remaining Previous