Instructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal Instructions The cash account for Coastal Bike Co. at October 1, 2099, indicated a balance of $5,140. During October, the total cash deposited was $39,175, and checks written totaled $40,520. The bank statement indicated a balance of $8,980 on October 31, 2049. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: a. Checks outstanding totaled $5,560. b. A deposit of $1,050 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. $2,120 on a note left for collection. The face of the note was $2,000. d. A check for $370 returned with the statement had been incorrectly charged by the bank as $730. C. A check for $310 returned with the statement had been recorded by Coastal Bike Co. as $130. The check was for the payment of an obligation to Rack Pro Co. on account. e. Bank service charges for October amounted to $25. f. A check for $880 from Bay View Condos was returned by the bank due to insufficient funds. Instructions 1. Prepare a bank reconciliation as of October 31, 2019. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. "Add:" & "Deduct:" will automatically appear if it is required. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 2. Journalize the necessary entries. Refer to the Chart of Accounts for exact wording of account titles. 3. If a balance sheet were prepared for Coastal Bike Co. on October 31, 20Y9, what amount should be reported as cash? 1. Prepare a bank reconciliation as of October 31, 2019. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. "Add" & "Deduct:" will automatically appear if it is required. For those boxes in which you must enter subtracted or negative numbers use a minus sign Coastal Bike Co. Bank Reconciliation October 31, 20Y9 1 Cash balance according to bank statement 2 3 4 5 6 7 8 Cash balance according to company's records 9 10 11 12 13 2. Journalize the necessary entries. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2. 3 4 5 6 7 Final Question 3. If a balance sheet were prepared for Coastal Bike Co. on October 31, 2049, what amount should be reported as cash? $