PR 7-4A Bank reconciliation and entries The cash account for Coastal Bike Co. at October 1, 20Y9, indicated a balance of $5,140. During Obj. 5 balance: 44830 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: TEMPLATE 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. L LESGER A check for $370 returned with the statement had been incorrectly charged by the bank as $730