The cash account for Coastal Bike Co. at October 1, 20Y9, indicated a balance of $32,991. During?
... October, the total cash deposited was $139,960, and checks written totaled $137,747. The bank statement indicated a balance of $43,370 on October
... October, the total cash deposited was $139,960, and checks written totaled $137,747. The bank statement indicated a balance of $43,370 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 $6,476.
B. A deposit of $1,779 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. $5,250 on a note left for collection. The face of the note was $5,000.
D. A check for $580 returned with the statement had been incorrectly charged by the bank as $850.
E. A check for $210 returned with the statement had been recorded by Coastal Bike Co. as $120. The check was for the payment of an obligation to Rack Pro Co. on account.
F. Bank service charges for October amounted to $28.
G. A check for $1,393 from Bay View Condos was returned by the bank due to insufficient funds
or:... October, the total cash deposited was $139,960, and checks written totaled $137,747. The bank statement indicated a balance of $43,370 on October 31, 20Y9. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items:A. \tChecks outstanding totaled $6,476.B. \tA deposit of $1,779 representing receipts of October 31, had been made too late to appear on the bank statement.C. \tThe bank had collected for Coastal Bike Co. $5,250 on a note left for collection. The face of the note was $5,000.D. \tA check for $580 returned with the statement had been incorrectly charged by the bank as $850.E. \tA check for $210 returned with the statement had been recorded by Coastal Bike Co. as $120. The check was for the payment of an obligation to Rack Pro Co. on account.F. \tBank service charges for October amounted to $28.G. \tA check for $1,393 from Bay View Condos was returned by the bank due to insufficient funds
