Business, 27.11.2019 22:31 puppy10rose

The cash account for coastal bike co. at october 1, 20y9, indicated a balance of $32,527. during october, the total cash deposited was $139,121, and checks written totaled $135,890. the bank statement indicated a balance of $43,660 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 $6,625. b. a deposit of $1,888 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 $260 returned with the statement had been incorrectly charged by the bank as $620. e. a check for $410 returned with the statement had been recorded by coastal bike co. as $140. the check was for the payment of an obligation to rack pro co. on account. f. bank service charges for october amounted to $37. g. a check for $1,418 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 $32,527. during oct...

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