a$.$ Checks outstanding totaled $$5,440.$

b$.$ A deposit of $$5,660,$ representing receipts of April $30,$ had been made too late to appear on the bank statement.

c$.$ The bank collected $$2,940$ on a $$2,790$ note, including interest of $$150.$

e$.$ A check drawn for $$90$ had been erroneously charged by the bank as $$900.$

f$.$ Bank service charges for April amounted to $$55.$

Required:

Prepare a bank reconciliation.

American Medical Co$.$

Bank Reconciliation

April $30$

Cash balance according to bank statement

Add

Add deposit of April $30,$ not recorded by bank

Add bank error in charging check as $$900$ instead of $$90$

Deduct outstanding checks

Adjusted balance

Cash balance according to company's records

Adjusted balance

If a balance sheet is prepared for American Medical Co$.$ on April $30,$ what amount should be reported as cash?

$$17,465$

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T Check My Work

Recall that the company's cash account balance is updated for any items in the company section of the bank reconciliation.