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Bank Reconciliation and Entries The cash account for online Medical Co. at June 30, 2016, indicated a balance of $9,47o. The bank statement indicated a

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Bank Reconciliation and Entries The cash account for online Medical Co. at June 30, 2016, indicated a balance of $9,47o. The bank statement indicated a balance of s10,410 on June 30, 2016. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items a. Checks outstanding totaled $3,750. b. A deposit of $3,900, representing receipts of une 30, had been made too late to appear on the bank statement. c. The bank collected $2,030 on a $1,930 note, induding interest of $100. d. A check for $880 returned with the statement had been incorrectly recorded by online Medical Co. as $800. The check was for the payment of an obligation to Hirsch Co. for the purchase on account. e. A check drawn for $90 had been erroneously changed by the bank as $900. Required: 1. Prepare a bank reconciliation. Online Medical Co. Bank Reconciliation June 30, 2016 Cash balance according to bank statement Ad)usted balance cash balance according to company's records

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