question1:

question #2: what would be the cash balance according to companys records

structions The cash account for Coastal Bike Co.at October 1, 2009, indicated a balance of $5,140 During October, the total cash deposited was $39,175, a otaled $40,520. The bank statement indicated a balance of $8,980 on October 31, 2049. Comparing the bank statement, the canceled checks, anu 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. Acheck for $370 returned with the statement had been incorrectly charged by the bank as $730. E. 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 F. Bank service charges for October amounted to $25. G. Acheck for $880 from Bay View Condos was returned by the bank due to insufficient funds. Instructions 1 Previc Check My Work Final Question USUT 3. If a balance sheet were prepared for Coastal Bike Co. on October 31, 2019, what amount should be reported as cash2 $ Points Feedback Check My Work Set up two sections: one for the company cash account section and the other for the bank balance section. Determine the effect of the data on e. Recall that when you are finished, the adjusted balances in the bank and company sections of the reconciliation must be equal. If not, an item ha overlooked or treated in error. Recall that the company's cash account balance is updated for any items in the company section of the bank recor LLCLORES ( Previous Check My Work O