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...