lestuctions The cash account to Coastal Bike Cn at October 1, 2009, caned a balance of $5140 During October, the al cash deposited was $39,175, and checks $40.520 The bek dance of 5,000 October 31, 2019 Comparing the bank statement, the canceled checks and the accompanying memos with the reconds revealed the following a Checks standing $3,200 A deposit of $2.50 ping receipts of October 21 had been made too bee to appear on the bank statement The back had coed for Can Be Co $5.300 on a note it for section. The face of the note was 50.000 A check for 5460 and with the statement had been inconcly charged by the hark an 5640 A check $430 tumed with the same had been recorded by Coal ke C540 The check was for the pay an hg to Rack P 1 Bark service charges for October am50 A check 305 m Bay V Cond was reed by the hard to uffic 1. Pare a bank of October 20 3a e shwepped for Cesta e C on Omber 31, 201k what aner shad be more The chache Cake Co at October 1, 20YR indaga balance of $5,100 Dung October, the ital cash deposed was 50.175, and checks with taled $40.500 The bark ste October 21, 20 Congaing the back statem a Checks standing Adept of 12.00 g of C The bank had collected the Coal C 55.300 on a net for collection. The lace of the note was 55.000 2 Acheck to 5000ed with the stat had bey charged by the bark as 500 A check the $30 with the sta $340. The The cash account for Coastal Bike Co. at October 1, 2019, 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, 20Y9. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: a. Checks outstanding totaled $3,260. b. A deposit of $2,450 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. $5,300 on a note left for collection. The face of the note was $5,000. d. A check for $460 returned with the statement had been incorrectly charged by the bank as $640. e. A check for $430 returned with the statement had been recorded by Coastal Bike Co. as $340. The check was for the payment of an obligation to Rack Pro Co. on account. 1. Bank service charges for October amounted to $50. g. A check for $605 from Bay View Condos was returned by the bank due to insufficient funds. Required: 1. Prepare a bank reconciliation as of October 31, 2019. 2. Journalize the necessary entries. 3. If a balance sheet were prepared for Coastal Bike Co. on October 31, 2019, what amount should be reported as cash