Bank Reconciliation Shaded cells have feedback. Instructions The cash account for Pala Medical Co at June 30, 20Y1, indicated a balance of $166.436. The bank statement indicated a balance of $195 688 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 $19,427 b. A deposit of $12,300, representing receipts of June 30, had been made too late to appear on the bank statement The bank collected $26,500 on a $25,000 note, including interest of $1.500 d Acheck for $4,000 returned with the statement had been incorrectly recorded by Pala Medical Co as $400. The check was for the payment of an obligation to Skyline Supply Co for a purchase on account A check drawn for $195 had been erroneously charged by the bank as $915 1. Bank service charges for June amounted to $55. Bank Reconciliation Shaded cells have feedba Pala Medical Co. Score: 22/106 Bank Reconciliation June 30, 20Y1 1 Cash balance according to bank statement $195,688.00 2 Add: Deposits in transit $12,300.00 3 Add: Error recording in checks 720.00 Less: Outstanding check 19,427.00 189,281.00 5 Deduct: Adjusted balance 6 7 5 Bank Reconciliation Shaded cols have fperback 27 $166,456.00 8 Cash balance according to company's records 9 26,500.00 10 Deduct: Cash 3,600.00 Deduct: Error in recording check 55.00 Miscellaneous expense Points 457/22