The cash account for Brentwood Bike Co. at May 1 indicated a balance of 534,250. During May, the total cash deposited was $140,300, and checks written totale $130,00. The bank statement indicated a balance of $43,625 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 $6,440 8. A deposit of $1,650 representing receipts of May 31, had been made too late to per 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 $5,000. D. A check for $300 returned with the statement had been incorrectly charged by the banks 300 E. A check for $210 returned with the statement had been recorded by Brentwood Bike Cous $120. The check was for the payment of an obligation to Adkins 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 unde Instructions 1. Prepare a bank recondition as of May 31. Refer to the Amount Description for provided for the exact wording of the new choices for entries. "Deduct" or "Add" will automatically appear if it is required 2. Jurnare necessary entries. The accounts have not been closed Refer to the Chart of Accounts for exact word of courses 3. Balvice sheer is prepared for Brailwood Be Co. on May 31, what amount should be reported as cash? Bank Reconciliation May 31 1 Cash balance according to bank statement $43,525.00 2 Add: Deposit of May 31, not recorded by bank $1,850.00 540.00 3 Bank error in charging check as $930 instead of $390 $33,570.00 6,440.00 5 Deduct: Outstanding checks 6 Adjusted balance $39,475.00 8 Cash balance according to company's records $35,670.00 9 Add: Note and interest collected by bank 5,250.00 $40,920.00 11 Deduct: Check returned because of insufficient funds 12 Bank service charges $1,325.00 30.00 90.00 13 Error in recording check 14 Adjusted balance $39,475.00 Shaded calls have luce 3. a balance sheet were prepared for Brentwood Bike Co. on May 31, what amount should be reported as cash? Points: 0/1 Feedback Check My Work 3. Recall that the company's cash account balance is updated for any items in the company section of the bank reconciliation