Coastal Bike Co. Score: 12/118 Bank Reconciliation (Label) All transactions on this pase must be entered (except for post ref(s)) before you will receive Check My Work ferdback. The casb account for Coastal Bke Co. at October 1, 20r9, indicated a balance of $5,140. During October, the total cash deposted was $39,175, and checks written tolaled $40,520. The bank starement indicated a baince of 59,980 on October 31, 20Y9. Comparing the bank statement, the canceled checks, and the accompanying memos with the recorts reveafed the following reconoling eems: a. Checks outstanding totaled $3.260. b. A deposit of $2,450 representing receipts of October 31 had been made too tate to appear on the bank statement. c. The bark had coliected for Coostal Bike Ca $5,300 on a note lett for collection. The face of the note was $5,000. d. A check for $460 retumed with the statement had been incorrectly charged by the bark as $640. e. A check for $430 returned with the statement had been recorded by Coastal Bike Co. as $340. The check was for the payment of an obliganion to Rack Pro Co. on account. t. Bank service charges for October amounted to \$s0 9. A check for $605 from Bay Vew Condos was refomed by the bank due to insulticient Aunds. Required: 1. Prepave a bank reconoliation as of October 31, 20ys. 2. Joumalice the nocessury entries