Bank Reconciliation and Entries The cash account for Pala Medical Co. at June 30, 20Y1, indicated a balance of $9,215. The bank statement indicated a balance of $10,740 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 $3,870. b. A deposit of $4,030, representing receipts of June 30, had been made too late to appear on the bank statement. c. The bank collected $2,090 on a $1,990 note, including interest of $100. 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 $30 had been erroneously charged by the bank as $300. f. Bank service charges for June amounted to $55.