Bank Reconciliation and Entries The cash account for Pala Medical Co. at June 30, 20Y1, indicated a balance of $15,000. The bank statement indicated a balance of $17,150 on June 30, 20Y1. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items a. Checks outstanding totaled $6,170 b. A deposit of $6,430, representing receipts of June 30, had been made too late to appear on the bank statement. C. The bank collected $3,340 on a $3,170 note, including interest of $170. d. A check for $880 returned with the statement had been incorrectly recorded by Pala Medical Co. as $800. The check was for the payment of an obligation to Skyline Supply Co. for a purchase on account. e. A check drawn for $90 had been erroneously charged by the bank as $900. f. Bank service charges for June amounted to $40. Required: 1. Prepare a bank reconciliation