bank reconciliation and entries the cash account for stone systems at july 31 indicated a balance of $17,750. the bank statement indicated a balance of $33,650 on july 31. comparing the bank statement and the accompanying canceled checks and memos with the records reveals the following reconciling items: checks outstanding totaled $17,865. a deposit of $9,150, representing receipts of july 31, had been made too late to appear on the bank statement. the bank had collected $6,095 on a note left for collection. the face of the note was $5,750. a check for $390 returned with the statement had been incorrectly recorded by stone systems as $930. the check was for the payment of an obligation to holland co. for the purchase of office supplies on account. a check drawn for $1,810 had been incorrectly charged by the bank as $1,180. bank service charges for july amounted to $80.