The cash account for Brentwood Bike Co. at May 1 indicated a balance of $13,120. During May, the total cash deposited was $65,690 and checks written totaled $60,990. The bank statement indicated a balance of $22,270 on 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 $9,920. b. A deposit of $8,080, representing receipts of May 31, had been made too late to appear on the bank statement. c. The bank had collected for Brentwood Bike Co. $4,270 on a note left for collection. The face of the note was $3,940. d. A check for $270 returned with the statement had been incorrectly charged by the bank as $720. e. A check for $970 returned with the statement had been recorded by Brentwood Bike Co. as $790. The check was for the payment of an obligation to Adkins Co. on account. f. Bank service charges for May amounted to $40. g. A check for $990 from Jennings Co. was returned by the bank because of insufficient funds. Instructions: 1. Prepare a bank reconciliation as of May 31. Brentwood Bike Co. Bank Reconciliation May 31 Cash balance according to bank statement Adjusted balance. Cash balance according to company's records 00000000