Show Me How Calculator Bank Reconciliation and Entries The cash account for Brentwood Coat May indicated a blance of $13,680. During May, the total cash deposited $68,170 and checks w e totaled 63.00 The statement indicated a balance of $23,110 on May 31. Comparing the bank statement, the canceled checks, and the accompanying memes with the records revealed the reconciling items: a. Checks outstanding totaled $10,290 b. A deput 150, representing recepts of May 31, had been made too late towar on the bank statement The h e cted for rentwood Be 4430 on a note for collection. The face of the two 54.00 d. A check for 190 returned with the statement had been incorrectly changed by the bank as 5940 A check for $520 returned with the statement had been recorded by Brentwood C o as $250. The check was for the payment of an obligation to Ads on accou 1. Bank service charges for May mounted to 540. Acheck for $1,020 from Jennings Co. was returned by the bank because of insufficient funds Instructions 1. Prepare a reconciliation May 31 Bank Recent Ali ded by Add bank or inchang chas e d 5414 Dedostotstanding chess be Check My W ... Previous Imam Save and Submit Assigment for Grading here to search blems eBook Show Me How Calculator E Print Item 1. Prepare a bank reconciliation as of May 31. Brentwood Bike Co. Bank Reconciliation May 31 Cash balance according to bank statement Add deposit of May 31, not recorded by bank TAL... Add bank error in charging check as $940 instead of $490 Deduct outstanding checks DODJ) Adjusted balance Cash balance according to company's records Add note and interest collected by bank Deduct check returned because of insufficient funds Deduct bank service charges Deduct error in recording check Adjusted balance 2. Journalize the necessary entries (a.) that increase cash and (b.) that decrease cash. The accounts have not been closed. For require an entry, leave it blank. Check My Work 2 more Check My Work uses remaining All work saved. Deduct check returned because of insufficient funds Deduct bankervice charges Deduct error in recording check M ed balance 2. Journalize the necessary entries (a.) that increase cash and (6.) that decrease cash. The accounts have not been dosed. For a compound transaction, an amount box does not require an entry, leave it blank b. May 31 3. Babance sheets prepared for the wood on May 31, wha t she reported Check My Workmore Check My Workeremang Previous Email Petructor S ands Submit Angrert for Grading 9 e 0044 1.000