The cash account for Stone Systems at July 31, 20Y5, indicated abalance of $10,780. The bank statement indicated a balance of$13,880 on July 31, 20Y5. Comparing the bank statement and theaccompanying canceled checks and memos with the records reveals thefollowing reconciling items: Checks outstanding totaled $5,000. Adeposit of $5,210, representing receipts of July 31, had been madetoo late to appear on the bank statement. The bank had collected$2,710 on a note left for collection. The face of the note was$2,570. A check for $800 returned with the statement had beenincorrectly recorded by Stone Systems as $880. The check was forthe payment of an obligation to Holland Co. for the purchase ofoffice supplies on account. A check drawn for $600 had beenincorrectly charged by the bank as $60. Bank service charges forJuly amounted to $20.