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what amount should be reported as cash? ...

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Accounting

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Print Item and Entries The cash account for Brentwood Bike Co. at May 1 Indicated a balance of $13,580. Ouning May, the total cash deposited was $68,480 and checks wrtten totaled bank statement indicated a balance of $23,210 on May 31. Comparing the bank statement, the canceled checks, following reconciling items: and the accompanying memos with the records revealed the a. Checks outstanding totaled $10,340. b. A deposit of $8,420, representing receipts of May 31, had been made too late to appear on the bank statement d. A check for $580 retuned with the statement had been incorrectly charged by the bank as $850 e. A check for $850 returned with the statement had been recorded by Brentwood Bike Co. as $580. The check was for the payment of an obligation to Adkins Co. on account g. A check for $1,030 from Jennings Co. was returned by the bank because of insufficient funds Instructions: 1. Prepare a bank reconcliation as of May 31 Brentwood Bilke Co. Cash balance according to bank statement 420 Deduct Cash balance according to company's recrd collected by bank 2,900

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