The cash account for Deaver Consulting at October 31, 20v6, indicated a balance of $7,910. The bank statement indicated a balance of s10,460 on October 31,20 . 6 , Comparng the bank statement and the accompanying canceied checks and memos with the records revealed the following reconaling items: a. Checks outstanding totaled $3,770 b. A deposit of $3,920, representing receipts from October 31 , had been made too late to oppear on the bank statement. c. The bank had colected $2,040 on a note left for collection. The face of the note was $1,940. d. A check for $880 retumed with the statement had been incorrectly recorded by Deaver Consulting as $800. The check was for the payment of an oblilation to ondord oince 5 bupplies Co. for the purchase of office supplies on account. e. A check drawn for 1890 had been incorrectly charged by the bank as $90. 1. Bank service charges for October amounted to $60. Deaver Consulting Bank Reconciliation October 31, 20Y Cash balance according to bank statement Add: Deposit of October 31 , not recorded by bank Deduct: Outstanding checks v Deduct: Bank error in charqing check as 590 instead of 5890 Adjusted balance Cash balance according to Deaver Consulting Add: Proceeds of note collected by bank, including $100 interest Deduct: Error in recordina check by the company as $800 instead of $880 Deduct: Bank service charges Adjusted balance Decreases to Cash