Bank reconciliation and entries Instructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal Final Question 3If a balance sheet is prepared for American Medical Co. on April 30, what amount should be reported as cash? Check My Work Previous Chapter 8 Homework Assignment ..@- Bank reconciliation and entries Chart of Accounts Amount Descriptions Bank Journal Instructions The cash account for American Medical Co. at April 30 indicated a balance of $89,775. The bank statement indicated a balance of $125,160 on April 30. Comparing the ban statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: Ohecks outstanding olal 53 5 B. A deposit of $18,000, representing receipts of April 30, had been made too late to appear on the bank statement C. The bank collected $24,075 on a $22,500 note, including interest of $1,575 D. A check for $1,700 returned with the statement had been incorrectly recorded by American Medical Co. as $170. The check was for the payment of an obligation to Targhee Supply Co. for a purchase on account. E. A check drawn for $290 had been erroneously charged by the bank as $920. F Bank service charges for April amounted to $70 Instructions . Prepare a bank reconoiation. Refer to the Amount Descriptions ist provided for the exact wording of the answer choices for text entries. Deduct: or Add-wi automatically appear if it is required 2. Jounalze the necessary entries. The accounts have not been olosed Refer to the Chart of Accounts for exact wovding of account Wes 3. If a balance sheet is prepared for American Medical Co, on April 30, what amount should be reported as cash? Check My Work Previous