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Bank Reconciliation and Entries the records reveals the following reconciling items:

a$.$ Checks outstanding totaled $$6,110.$

b$.$ A deposit of $$6,360,$ representing receipts of July $31,$ had been made too late to appear on the bank statement.

c$.$ The bank had collected $$3,310$ on a note left for collection. The face of the note was $$3,140.$

e$.$ A check drawn for $$600$ had been incorrectly charged by the bank as $$60.$

f$.$ Bank service charges for July amounted to $$35.$

Required:

Prepare a bank reconciliation.

Stone Systems

Bank Reconciliation

July $31,20Y5$

Cash balance according to bank statement

Add: Deposit in transit on July $31$

Deduct: Error in recording check by Stone Systems $x$

Deduct: Bank error in charging check as $$60$ instead of $$600$

Total deductions

Adjusted balance

Cash balance according to company's records

Adjustments:

Add: Bank service charges $x$

Add: Outstanding checks $x$

Total additions

Deduct: Deposit in transit on July $31x$

Adjusted balance