The cash account for Coastal Bike Co. at October 1, 20Y9, indicated a balance of \$5, 140. During October, the total cash deposited was $39,175, and checks written totaled $40,520. The bank statement indicated a balance of $8,980 on October 31,20Y9. Comparing the bank statement, the canceled checks, and the accompanyi memos with the records revealed the following reconciling items: a. Checks outstanding totaled $3,260. b. A deposit of \$2,450 representing receipts of October 31 had been made too late to appear on the bank statement. c. The bank had collected for Coastal Bike Co. $5,300 on a note left for collection. The face of the note was $5,000. d. A check for $460 teturned with the statement had been incorrectly charged by the bank as $640. e. A check for $430 retumed with the statemont had been reconded by Coastal Bike Co. as $340. The check was for the payment of an obligation to Pack Pro Co, on account. 1. Bank service charges for October amounted to $50. 9. A check for $605 from Bay View Condos was retumed by the bank due to insutticient funds. Required: 1. Prepare a bank reconciliation as of October 31,20Y9. 2. Journalize the necessary entries. 3. If a balance sheet were prepared for Caastal Bike Co. on October 31, 20Y9, what amount should be reported as cash? Chart of Accounts EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends Labels and Amount Descriptions Labels For the Month Ended October 31, 20Yg October 31, 20Y9 Amount Descriptions Adjusted balance Bank error in charging check as $640 instead of $460 Bank service charges Check returned because of insufficient funds Deposit in transit on October 31 Error in recording check Note collected by bank, including $300 interest Outstanding checks Total additions Total deductions 1. Prepare a bank reconciliation as of October 31,20Yg. Bank Reconciliation Bank Reconciliation Instructions 2. Journalize the necessary entries. 3. If a balance sheet were prepared for Coastal Bike Co, on October 31, 20Y9, what amount should be reported as cash