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Business, 16.03.2020 16:34 biju10775

The cash account for Coastal Bike Co. at October 1, 20Y9, indicated a balance of $5,140. During October, the total cash deposited was $39,175, and checks written totaled $40,520. The bank statement indicated a balance of $8,980 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 $5,560. b. A deposit of $1,050 representing receipts of October 31, had been made too late to appear on the bank statement.

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The cash account for Coastal Bike Co. at October 1, 20Y9, indicated a balance of $5,140. During Octo...
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