Business
Business, 20.03.2021 01:30, fonsworth5

The cash account for Coastal Bike Co. at October 1, 20Y9, indicated a balance of $32,788. During October, the total cash deposited was $139,699, and checks written totaled $138,679. The bank statement indicated a balance of $42,830 on October 31, 20Y9. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: A. Checks outstanding totaled $6,659.
B. A deposit of $1,875 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. $6,195 on a note left for collection. The face of the note was $5,900.
D. A check for $170 returned with the statement had been incorrectly charged by the bank as $710.
E. A check for $310 returned with the statement had been recorded by Coastal Bike Co. as $130. The check was for the payment of an obligation to Rack Pro Co. on account.
F. Bank service charges for October amounted to $24.
G. A check for $1,213 from Bay View Condos was returned by the bank due to insufficient funds.

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The cash account for Coastal Bike Co. at October 1, 20Y9, indicated a balance of $32,788. During Oct...

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