trative Problem The bank statement for Urethane Company for June 30 indicates a balance of $9,293.11. 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 $ 3,943.50 Total cash receipts for June 28,971.60 Total amount of checks issued in June 28,388 85 Comparing the bank statement and the accompanying canceled checks and memos with the records reveals the following reconciling items: 2. The bank had collected for Lirethane 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