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 staternent, the canceled checks, and the, accompanying memos with the records revealed the following reconcling items: a. Checks outstanding totaled $3,260 : b. A deposit of $2,450 representing recelpts 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 returned with the statement had been incorrectly charged by the bank as $640. e. A check for $430 returned with the statement had been recorded by Coastal Bike Co. as $340. The check was for the payment of an obligation to Rack Pro Co. on account. t. Bank service charges for October amounted to $50. g. A check for $605 from Bay View Condos was returned by the bank due to insufficient funds. Required: 1. Prepare a bank reconclilition as or October 31,20Y9. 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? CHART OF ACCOUNTS Coastal Bike Co. General Ledger ASSETS 110 Gash 111 Petty Cash REVENUE 410 Sales 610 interest Rovenue 112 Accounts Recelvable-Bay View Condos 131 Notes Recevable EXPENSES 141 Merchandise inventory 510 Cost of Goods Sold 145 Office Supplies 515 Credit Card Expense 146 Store Supplies 516 Cash Short and Over 151 Prepaid Insurance 520 Salaries Expense 181 Land 531 Advertising Expense 191 Office Equipment 532. Delivery Expense 192 Accumulated Depreciation-Oftice Equipment 533 Insurance Expense 193 Store Equipment 534 Otfice Supplies Expenise 194 Accumulated Depreciation-Store Equpment 535 Rent Expense 536 Repairs Expense LIABILITIES 537 Selling Expenses LIABILITIES 211 Accounts Payable-Rack Pro Co 221 Notes Payable 222 Interest Payable 231 Salaries Payable 241 Sales Tex Payable 537 Selling Expenses: 538 Store Supplies Expense 561 Depreciation Expense-Office Equipment 562 Depreciation Expense-Store Equipment 590 Miscelianeous Expense 710 Interest Expense EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends Labels and Amount Descriptions