The cash account for Brentwood Bike Co. at May 1 indicated a balance of $34 250. During May, the total cash deposited was $140,300, and checks written totaled $138.880. The backstament indicated a balance of 43.525 on May 31 Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconcilington A. Checks outstanding totaled $6.440 B. A deposit of $1,850 representing receipt of May 31, had been made too late to appear on the bank statement C. The bank had collected for Brentwood Bike Co $5.250 on a note left for collection. The face of the role was 55.000 D. A check for $390 returned with the statement had been incorrectly charged by the bark as 5030 E Acheck for $210 returned with the statement had been recorded by Brentwood Bike Co as $120. The check was for the payment of an obligation to Askins Co. on account F. Bank service charges for May amounted to $30 G. A check for $1.325 from Jennings Co was returned by the bank due to insufficient funds Instructions 1. Prepare a bank reconciliation as of May 31. Refer to the Amount Description is provided for the exact wording of the answer choice for at entries. Deductor will automatically appear it is required 2. Journal the necessary. The accounts have not been closed. Refer to the Charter Accounts for exact wording of accountries 3. a balance sheet is prepared for Brentwood Be Coon May 31, what amount to reported as cash CHART OF ACCOUNTS Brentwood Bike Co. General Ledger ASSETS REVENUE 110 Cash 410 Sales 610 Interest Revenue 111 Petty Cash 112 Accounts Receivable Jennings Co. 131 Notes Receivable 141 Merchandise Inventory 145 Office Supplies 146 Store Supplies 151 Prepaid Insurance EXPENSES 510 Cost of Merchandise Sold 515 Credit Card Expense 516 Cash Short and Over 520 Salaries Expense 531 Advertising Expense 181 Land 532 Delivery Expense 191 Office Equipment 192 Accumulated Depreciation Office Equipment 193 Store Equipment 194 Accumulated Depreciation Store Equipment 533 Insurance Expense 534 Office Supplies Expense 535 Rent Expense Chart of Accounts 146 Store Supplies 151 Prepaid Insurance 516 Cash Short and Over 181 Land 191 Office Equipment 192 Accumulated Depreciation Office Equipment 193 Store Equipment 194 Accumulated Depreciation Store Equipment 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Insurance Expense 534 Office Supplies Expense 535 Rent Expense 536 Repairs Expense 537 Selling Expenses 538 Store Supplies Expense 561 Depreciation Expense-Office Equipment 562 Depreciation Expense-Store Equipment 590 Miscellaneous Expense 710 Interest Expense LIABILITIES 211 Accounts Payable-Adkins Co. 221 Notes Payable 222 Interest Payable 231 Salaries Payable 241 Sales Tax Payable EQUITY 310 Owner, Capital 311 Owner, Drawing 312 Income Summary Amount Descriptions Amount Descriptions Bank error in charging check as $390 instead of $930 Bank error in charging check as $930 instead of $390 Bank service charges Check returned because of insufficient funds Company error in recording note collected by bank Deposit of May 31, not recorded by bank Error in recording check Outstanding checks Note and interest collected by bank Bank Reconciliation BRENTWOOD BIKE CO. Bank Reconciliation May 31 1 Cash balance according to bank statement 2 3 5 6 Adjusted balance 7 # Cash balance according to company's records 9 10 11 12 15 14 Adjusted balance 2. Joumalize the necessary entries. The accounts have not been closed. Refer to the Chart of Accounts for exact wording of account ites. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REY DEBIT CREDIT ASSETS LIABILITIES EQUITY 2 3 5 3. If a balance sheet were prepared for Brentwood Bike Co. on May 31, what amount should be reported as cash? $