View Policies Current Attempt in Progress PFC Ltd. had a balance in its cash account of $26,680 on December 31, 2020. This included $2,970 of cash receipts from December 31, which had not yet been deposited in the bank. On the same date, its bank account had a balance of $33,840. Comparing the bank statement with the company's records indicated that the following cheques were outstanding on December 31: #100 $3,460 #175 4,670 #200 3,960 Total $12,090 The following items were shown on the bank statement and not yet recorded by the company: $50 bank service charge was deducted for the month $1,100 was deducted in the company's bank account as a result of a note payable to the bank, representing $1,000 of principal and $100 of interest. No interest has been recorded to date. . $610 was added as a result of an electronic funds transfer by a customer $790 deducted for a customer's cheque that was returned to PFC marked NSF In the process of preparing the data for its bank reconciliation, the company discovered that it had made an error in recording one of its deposits for cash sales during the month. The actual amount deposited was $4,172, but PFC had recorded it as $4,712. The bank had also made an error in recording one of the company's cheques that was a payment to a supplier on account. The cheque had been Issued in the amount of $675, but the bank processed it as $765.