Bank Reconciliation and Entries The cash account for Pala Medical Co. at June 30, 20Y?, indicated a balance of $11,260. The bank statement indicated a balance of $13,270 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 $4,780. b. A deposit of $4,980, representing receipts of June 30, had been made too late to appear on the bank statement. c The bank collected $2,590 on a $2,450 note, including interest of $140 d. A check for $660 returned with the statement had been incorectly recorded by Pala Medical Co. as $600 The check was or the payment of an obligation to Shoe 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 $50. Required: 1. Prepare a bank reconciliation Pala Medical Co Bank Reconciliation Cash balance according to bank statement 13,270 Outstanding checks 870 Total adjustments Adjusted basance Cash balance acconding to company's records