Question: Identify the errors in the following bankreconciliation: DAKOTA CO Bank Reconciliation For the Month Ended September 30, 2012 $22,900 Cash balance according to bank statement

Identify the errors in the following bankreconciliation:

DAKOTA CO Bank Reconciliation For the Month Ended September 30, 2012 $22,900 Cash balance according to bank statement Add outstanding checks: No. 7715 7760 7764 7765 $1,450 915 1,850 Deduct deposit of September 30, not recorded by bank Adjusted balance Cash balance according to company's records Add: Proceeds of note collected by bank: 775 4990 $27,890 6,200 $21690 $15,625 Principal Interest $6,000 360 $6,360 Service charges 6,390 $22,015 Deduct: Check returned because of insufficient funds 545 Error in recording September 20 deposit of $5,200 as $2,500 2,700 3,245 $18,770 Adjusted balance

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