Prepare a corrected bank reconciliation. 

 

DAKOTA CO. Bank Reconciliation For the Month Ended June 30, 20Y3 Cash balance according to bank statement $22,900 Add outstanding checks: No. 7715 $1,450 7760 915 7764 1,850 7765 775 4,990 $27,890 Deduct deposit of June 30, not recorded by bank (6,200) Adjusted balance $21,690 Cash balance according to company's records $15,625 Add: Proceeds of note collected by bank: Principal $6,000 Interest 360 $6,360 Service charges 30 6,390 $22,015 Deduct: Check returned because of insufficient funds $545