trative Problem The bank statement for Urethane Company for June 30 indicates a balance of $9,293.11. sab All cash receipts are deposited in a night depository each evening after banking hours. The accounting records indicate the following summary data for cash receipts and pay- ments for June: Cash balance as of June 1 Total cash receipts for June Total amount of checks issued in June $ 3,943.50 28,971.60 28,388.85 Comparing the bank statement and the accompanying canceled checks and memos with the records reveals the following reconciling items: a. The bank had collected for Urethane Company $1,030 on a note left for collection. The face amount of the note was $1,000. b. A deposit of $1,852.21, representing receipts of June 30, had been made too late to appear on the bank statement. c. Checks outstanding totaled $5,265.27. d. A check drawn for $139 had been incorrectly charged by the bank as $157. e. A check for $370 returned with the statement had been recorded in the company's records as $730. The check was for the payment of an obligation to Avery Equipment Company for the purchase of office supplies on account. f. Bank service charges for June amounted to $18.20. Instructions 1. Prepare a bank reconciliation for June.