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Bank Reconciliation and Entries The cash account for American Medical Co, ut April 30 indicated a balance of $8,890. The bank statement indicated balance of

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Bank Reconciliation and Entries The cash account for American Medical Co, ut April 30 indicated a balance of $8,890. The bank statement indicated balance of $10,410 on April 30. Comparing the bank statement and the accompanying canceled checks and memes with the records revealed the following reconciling items! a. Cheds outstanding totaled $3,750. b. A deposit of $3,900, representing receipts of April 30, had been made too late to appear on the bank statement c. The bank collected $2,030 on a $1,930 note, including interest of $100. d. A check for $440 returned with the statement had been incorrectly recorded by American Medical Co, as $400. The check was for the obligation to Targhee Supply Co. for the purchase on account. . A check drawn for $30 had been erroneously charged by the banks $300 Bank service charges for Armounted to 550 Required 1. Prepare a bank recondition American Medical Co. Bank Reconciliation April 30 Cash balance according to bank statement Add deposit of April 30, not recorded by bank Adjusted balance Cash balance according to company's records 1. Prepare a bank reconciliation. American Medical Co. Bank Reconciliation April 30 Cash balance according to bank statement Add deposit of April 30, not recorded by bank Adjusted balance Cash balance according to company's records DODJI OD Adjusted balance 2. Journalize the necessary entries (a.) that increase cash and (b) that decrease cash. The accounts have not been closed. For a compound transaction, if an amount box does not require an entry, leave it blank a. April 30 JIJ JID IJI II b. April 30 3. If a balance sheet were prepared for American Medical Co. on April 30, what amount should be reported as cash

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