better picture since the other one was blurry

The cash account for Pala Medical Co. at June 30, 2011 indicated a balance of 585,920. The bank statement indicated a balance of 5127.910 on June 30, 2011. Comparing the a. Checks outstanding totaled $32,540 b. A deposit of $18.540, representing receipts of June 30, had been made too late to appear on the bank statement c The bank collected $29,425 on a $27,500 note, including interest of $1,925 d. A check for $1,350 returned with the statement had been incorrectly recorded by Pala Medical Co as 5135 The check was for the payment of an obligation to Skyline Supply Co. for a purchase on account. A check drawn for $570 had been erroneously charged by the bank as $750 Bank service charges for June amounted to 540 Instructions 1. Prepare a bank reconciliation. Refer to the Amount Descriptions est provided for the exact wording of the answer choices for text entries. "Add" 2 "Deduct will automatically appear if it is required. For those boxes in which you must enter subtracted or rative numbers use a minus sign 2. Journalize the necessary entries. Refer to the Chart of Accounts for exact wording of account titles 3. a balance sheet were prepared for Pais Medical Co on June 30, 2071, what amount should be reported as cash? Pala Medical Co. General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Petty Cash 610 Interest Revenue 120 Accounts Receivable 131 Notes Receivable EXPENSES 510 Cost of Merchandise Sold 515 Credit Card Expense 141 Merchandise Inventory Office Supplies 146 Store Supplies 151 Prepaid Insurance 516 Cash Short and Over 520 Salaries Expense 181 Land 191 Office Equipment 192 Accumulated Depreciation-Office Equipment 193 Store Equipment 194 Accumulated Depreciation-Store Equipment 531 Advertising Expense 532 Delivery Expense 533 Insurance Expense 534 Office Supplies Expense 535 Rent Expense LIABILITIES 211 Accounts Payable-Skyline Supply Co. 221 Notes Payable 536 Repairs Expense 537 Selling Expenses 538 Store Supplies Expense 561 Depreciation Expense-Office Equipment 562 Depreciation Expense-Store Equipment 590 Miscelianeous Expense 710 Interest Expense 222 Interest Payable 231 Salaries Payable 241 Sales Tax Payable EQUITY 310 Common Stock 311 Retained Eamings 312 Dividends Amount Descriptions Adjusted balance Bank error in charging check as $750 instead of $570 Bank service charges Deposit in transit on June 30 Deposit of June 30, not recorded by bank Error in recording check Outstanding checks Note collected by bank, including $1,925 interest Total additions Total deductions Pala Medical Co. Bank Reconciliation June 30, 20Y1 $127,910.00 2 1 Cash balance according to bank statement A deposit and transit on June 30 3 Add: Bank error in charging checks $127,910.00 180.00 4 5 Deduct: Outstanding checks 6 Adjusted balance 7 8 Cash balance according to company's records 9 10 11 12 13 2 Joumalize the necessary entries. Refer to the Chart of Accounts for exact wording of account tles Ott JOURNAL ACCOUNTING EQUATION DESCRIPTION DATE Jun 30 POST REF DESIT CREDIT 1 ASSETS Cash LABUTIES EQUITY 2 Note receivable 3 5 6 On December 31, the amount of cash in the petty cash fund le $110 Issued a check to replenish the fund based on the flowing summary of petty cash receptorescoles 5512, and conser Chart of Accounts for exact wording of accountles All transactions on this page must be entered except for postrofen) before you will receive Check My Work foecock NOE JOURNAL Scorer 30749 ACCOUNTING COMMON DATE POST RER ORT CO ASS LI 1 Dec 31 51200 DESCRIPTION Store Supplies Miscellaneous Selling Expense Cash Short and Over 2 3400 1 173.00