Question: Identify the errors in the following bankreconciliation: DAKOTA CO. Bank Reconciliation For the Month Ended June 30, 20Y3 Cash balance according to bank statement Add

Identify the errors in the following bankreconciliation:

DAKOTA CO. Bank Reconciliation For the Month Ended June 30, 20Y3 Cash balance according to bank statement Add outstanding checks: $22,900 No. 7715 7760 7764 7765 $1,450 915 1,850 775 4,990 $27,890 6,200 $21.690 Deduct deposit of June 30, not recorded by bank Adjusted balance Cash balance according to company's records Add: Proceeds of note collected by bank $15,625 Principal Interest $6,000 360 $6360 Service charges 30 6,390 $22,015 Deduct: Check returned because of insufficient funds S 545 2.700 Error in recording June 20 deposit of $5,200 as $2,500 3,245 518,770 Adjusted balance

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