The cash account for Deaver Consulting at October 31, 20Y6, indicated a balance of $7,620. The bank statement indicated a balance of $10,120 on October 31, 20Y6. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items:

Bank Reconciliation and Entries The cash account for Deaver Consulting at October 31, 20Y6, indicated a balance of $7,620. The bank statement indicated a balance of $10,120 on October 31, 20V6. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: a. Checks outstanding totaled $3,640 b. A deposit of $3,800, representing receipts from October 31, had been made too late to appear on the bank statement. c. The bank had collected $1,970 on a note left for collection. The face of the note was $1,870. d. A check for $880 returned with the statement had been incorrectly recorded by Deaver Consulting as $800. The check was for the payment of an obligation to Oxford Office Supplies Co. for the purchase of office supplies on account. e. A check drawn for $880 had been incorrectly charged by the bank as $80 f. Bank service charges for October amounted to $30 1. Prepare a bank reconciliation. Deaver Consulting Bank Reconciliation October 31, 20Y6 10,120 3,800 13,920 Cash balance according to bank statement Add: Deposit of October 31, not recorded by bank Deduct checks Deduct: Bank error in check as $80 instead of $880 800V Adjusted balance Cash balance according to Deaver Consulting Add: Proceeds of note collected by bank including $100 interest 9480 7,620 1,970 9,590 Deduct: Error in Deduct: Bank service chargers Adjusted balance check by the as $800 instead of $880 30 110 9,480