Bank Reconciliation and Entries The cash account for Brentwood Bike Co. at May 1 indicated a balance of $13,240. During May, the total cash deposited was $65,770 and checks written totaled $61,070. The bank statement indicated a balance of $22,300 on May 31. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items:

Checks outstanding totaled $9,930.
A deposit of $8,090, representing receipts of May 31, had been made too late to appear on the bank statement.
The bank had collected for Brentwood Bike Co. $4,280 on a note left for collection.
The face of the note was $3,950.
A check for $490 returned with the statement had been incorrectly charged by the bank as $940.
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 Adkins Co. on account.
Bank service charges for May amounted to $50.
A check for $990 from Jennings Co. was returned by the bank because of insufficient funds.

Prepare a bank reconciliation as of May 31.