The cash account for Coastal Bike Co$.$ at October $1,20$Y$9,$ 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 $31,20$Y$9.$ Comparing the bank statement, the canceled checks, and the accompanying 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 $$460$ returned with the statement had been incorrectly charged by the bank as $$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.

f$.$ 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 reconciliation as of October $31,20$Y$9.$

$2.$ Journalize the necessary entries.

$3.$ If a balance sheet were prepared for Coastal Bike Co$.$ on October $31,20$Y$9,$ what amount

If a balance sheet were prepared for Coastal Bike Co$.$ on October $31,20$Y$9,$ what amount should be reported as cash?should be reported as cash?