The cash account for Brentwood Bike Co, at May 1 indicated a bolance of $13,880, During May, the total cash deposited was $70,510 and checks written totaled $65,470. The bank statement indicated a balance of 523,900 co May 31. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: a. Checks outstanding totaled $10,650. b. A deposit of 88,670 , representing receipts of May 31, had been made too late to apoear on the bank statement. c. The bank had collocted for Brentwood Bke Co. $4,580 on a note left for collecticn. The face of the note was $4,230. d. A check for $360 retumed with the statement had been incorrectly charged by the bank as $630. e. A check for $970 returned with the statement had been recorded by Brentwood Babe Co. as $790. The check was for the parment of an obligation to Adkins Co. on account. 1. Barki service charges for May amounted to $70. Q. A check for $1,060 from Jennings Co, was returned by the bank because of insulficient funds. Instructions: 1. Dreeare a bank racanctiation as of Mav a1. 2. Journalize the necessary entries (a.) that increase cash and (b.) that decrease cash. The accounte have not been closed. For a compound transaction, if an amount box does not require an entry, leave it blank. 3. Ir balance cheot is orepared for Brantwood Eike Co. on May 3 h, what ansount should be iepcrtid as cash? The cash account for Brentwood Bike Co, at May 1 indicated a bolance of $13,880, During May, the total cash deposited was $70,510 and checks written totaled $65,470. The bank statement indicated a balance of 523,900 co May 31. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: a. Checks outstanding totaled $10,650. b. A deposit of 88,670 , representing receipts of May 31, had been made too late to apoear on the bank statement. c. The bank had collocted for Brentwood Bke Co. $4,580 on a note left for collecticn. The face of the note was $4,230. d. A check for $360 retumed with the statement had been incorrectly charged by the bank as $630. e. A check for $970 returned with the statement had been recorded by Brentwood Babe Co. as $790. The check was for the parment of an obligation to Adkins Co. on account. 1. Barki service charges for May amounted to $70. Q. A check for $1,060 from Jennings Co, was returned by the bank because of insulficient funds. Instructions: 1. Dreeare a bank racanctiation as of Mav a1. 2. Journalize the necessary entries (a.) that increase cash and (b.) that decrease cash. The accounte have not been closed. For a compound transaction, if an amount box does not require an entry, leave it blank. 3. Ir balance cheot is orepared for Brantwood Eike Co. on May 3 h, what ansount should be iepcrtid as cash