please help putting the right names and numbers on here. Thank you e Chegg Study

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please help putting the right names and numbers on here. Thank you

e Chegg Study | Guided Sc (E) 08 Homework-ACG200 '·Cengage xCengageNOWv2 |Online Homework X ? ? C ? v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMando?invoker= assignments&takeAssignmentSessionLocator;= assignment take&inprogress-false; Ch 8-3 Exercises & Problems Show Me How Calculator eBook Print Item Bank Recondiliation and Entries 1. EX.08-03 The cash account for Brentwood Bike Co. at May 1 indicated a balance of $13,680, During May, the total cash deposited was $68,120 and checks written totaled $63,250. The bank statement indicated a balance of $23,090 on May 31. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: a. Checks outstanding totaled $10,290 b. A deposit of $8,380, representing receipts of May 31, had been made too late to appear on the bank statement. c. The bank had collected for Brentwood Bike Co. $4,430 on a note left for collection. The face of the note was $4,090 d. A check for $270 returned with the statement had been incorectly charged by the bank as $720 e. A check for $410 returned with the statement had been recorded by Brentwood Bike Co. as $140. The check was for the payment of an obligation to 2. EX.08-14 3. EX.08-17 4. EX.08-24.BLANKSHEET.AL. 5. PR.08-04 ALGO Adkins Co. on account. f. Bank service charges for May amounted to $60 g. A check for $1,020 from Jennings Co. was returned by the bank because of insufficient funds. 1. Prepare a bank reconciliation as of May 31 Brentwood Bike Co. Bank Reconciliation May 31 Cash balance according to bank statement Add deposit of May 31, not recorded by bank Add bank error in charging check as $720 instead of $270 21,630 Deduct outstanding checks Check My Work 0 more Check My Work uses remaining. Previous Progress: 515 items O Type here to search 6-52 PM 4/18/2018

Explanation / Answer

BrentWood Bike Co. Bank Reconciliation Cash balance according to Bank statement 23,090 Add:Deposits of May 31,not recorded by bank 8,380 Add:Bank error in charging checks as 720 instead of $270 450 8,830 31,920 Deduct:checks outstanding 10,290 Adjusted balance 21,630 Cash balance according to company records 18550 (13680+68120-63250) Add:collection of note 4,430 22980 Deduct: Error in recording cheque(410-140) 270 Bank service charge 60 NSF 1,020 1,350 Adjusted balance 21,630 2) Journal entries' a 31-May Cash 4,430 Note receivable 4,090 interest revenue 340 b. 31-May Accounts payable-Adkins co 270 Bank service charges/miscellneous exp 60 account receivable 1,020 cash 1,350 3) 21,630'

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