The following bank reconciliation was prepared as of June 30, 20Y7: Poway Co. Bank Reconciliation For the Month Ended June 30, 20Y7 Cash balance according to bank statement $15,930 Add: Outstanding Check No. 1067 $560 Outstanding Check No.1106 460 Outstanding Check No.1110 1,050 Outstanding Check No.1113 940 Total additions 3,010 Deduct: Deposit of June 30 not recorded by bank (6,800) Adjusted balance $12,140 Cash balance according to companys records $9,790 Add: Proceeds of note collected by bank: Face value $6,000 Proceeds of note collected by bank: Interest 300 Service charges 20 Total additions 6,320 Deduct: Check returned because of insufficient funds $850 Error in recording June 17 deposit of $7,250 as $2,750 4,500 Total deductions (5,350) Adjusted balance $10,760 Question Content Area a. Identify the errors in the following bank reconciliation: Item Correct Heading Outstanding checks Deposit of June 30 Service charges Error in June 17 deposit Adjusted balance per the bank Question Content Area b. Prepare a corrected bank reconciliation. Poway Co. Bank Reconciliation June 30, 20Y7 Cash balance according to bank statement $fill in the blank e586f201c045ffe_1 blank - Select - $- Select - blank - Select - blank - Select - blank - Select - blank Total deductions blank fill in the blank e586f201c045ffe_12 Adjusted balance $fill in the blank e586f201c045ffe_13 Cash balance according to company's records $fill in the blank e586f201c045ffe_14 $- Select - - Select - blank Total additions blank fill in the blank e586f201c045ffe_19 $- Select - blank - Select - blank Total deductions blank fill in the blank e586f201c045ffe_24 Adjusted balance $fill in the blank e586f201c045ffe_25