The cash account for Coastal Bike Co. at October 1, 20Y9, indicated a balance of $34,800. During October, the total cash deposited was $139,523, and checks written totaled $138,774. The bank statement indicated a balance of $43,875 on October 31, 2049. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: a. Checks outstanding totaled $6,340. b. A deposit of $1,643 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. $5,565 on a note left for collection. The face of the note was $5,300. d. A check for $260 returned with the statement had been incorrectly charged by the bank as $620. e. A check for $210 returned with the statement had been recorded by Coastal Bike Co as $120. The check was for the payment of an obligation to Rack Pro Co. on account. f. Bank service charges for October amounted to $22. g. A check for $1,464 from Bay View Condos was returned by the bank due to insufficient funds. Instructions 1. Prepare a bank reconciliation as of October 31, 2019. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. "Add" & "Deduct:" will automatically appear if it is required. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 2. Journalize the necessary entries. Refer to the Chart of Accounts for exact wording of account titles. 3. If a balance sheet were prepared for Coastal Bike Co. on October 31, 20Y9, what amount should be reported as cash? Amount Descriptions Adjusted balance Bank error in charging check as $620 instead of $260 Bank service charges Check returned because of insufficient funds Deposit in transit on October 31 Error in recording check Note collected by bank, including $265 interest Outstanding checks Total additions Total deductions Coastal Bike Co. Bank Reconciliation October 31, 2049 1 Cash balance according to bank statement 2 3 5 6 7 8 Cash balance according to company's records 9 10 11 12 13 14 2. Journalize the necessary entries. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 2 4 5 6 7 3. If a balance sheet were prepared for Coastal Bike Co. on October 31, 20Y9, what amount should be reported as cash? $