Question: Identify the errors in the following bankreconciliation: Mkabe Co. Bank Reconciliation For the Month Ended June 30, 2008 7,560.14 Cash balance according to bank statement

Identify the errors in the following bankreconciliation:

Mkabe Co. Bank Reconciliation For the Month Ended June 30, 2008 7,560.14 Cash balance according to bank statement . . . .. .. Add outstanding checks: S 717.42 617.11 906.15 1,501.50 364.... 365.... 3,742.18 $11,302.32 5,182.04 7,120.28 3,735.70 Deduct deposit of June 30, not recorded by bank..... Cash balance according to company's records . Add: Proceeds of note collected by bank 6,207.00 9,942.70 Service charges .._... 27.00 Deduct: Check returned because of 1,158.70 Error in recording June 15 1,428.70 $ 8,514.00 deposit of $3,960 as 3,690 270.00 Adjusted balance

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