ch7 Problems eBook Show Me How Calculator nk reconciliation and entries Instructions Chart of Accounts ul Bank Reconciliation Amount Descriptions Journal Instructions The cash account for Pala Medical Co, at June 30, 20Y1, indicated a balance of $146,035 The bank statement indicated a balance of $181,965 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 $16,445. B. A deposit of $9,900, representing receipts of June 30, had boon made too late to appear on the bank statement C The bark collected $31,800 on a $30,000 note, including interest of $1,800. D. A check for $2.000 returned with the statement had been incorrectly recorded by Pala Medical Co. as $200. The check was for the payment of an obligation to Skyline Supply Co. tor a purchase on account. E Acheck drawn for $170 had been erroneously charged by the bank as $710. F. Bank service charges for June amounted to $75. 1. Prepare a bank reconciliation. Refer to the Amount Descriptions fist provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign 2. Journalize the necessary entries. Refer to the Chart of Accounts for exact wording of accounties. 3. W a balance sheet were prepared for Pala Medical Co. on June 30, 2011, what amount should be reported as cash Check My Work signment Score: 25.82% Calculator 3 ch7 Problems eBook Show Me How nk reconciliation and entries Instructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal Instructions Chart of Accounts Th Ca ASSETS REVENUE 110 Cash 410 Sales 610 Interest Revenue 111 Petty Cash 120 Accounts Receivable 131 Notes Receivable EXPENSES 510 Cost of Merchandise Sold 515 Credit Card Expense 516 Cash Short and Over 141 Marchandise Inventory 145 Office Supplies 146 Store Supplies 151 Prepaid Insurance 181 Land 191 Orice Equipment 152 Accumulated Depreciation Office Equipment 193 Store Equipment 194 Accumulated Depreciation Store Equipment 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Insurance Expense 534 Orice Supplies Expense 535 Rent Expense 536 Repairs Expense 537 Selling beses 538 Store Supplies Expense 561 Depreciation Espelse Ofice Equipment 562 Depreciation Expense-Store Equipment 500 Miscellaneous Expense 710 Interest Expense LIABILITIES 211 Accounts Payable-Skyline Supply Co. 221 Notes Payable 222 Interest Payable 231 Salones Payable 241 Sales Tax Payable Cred My Work sognment Score: 25.52% Instructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal structions ed 510 Cost of Merchandise Sold Chart of Accounts 107 INC INCUCIVGUIC 141 Merchandise Inventory 145 Office Supplies 146 Store Supplies 151 Prepaid Insurance 515 Credit Card Expense 516 Cash Short and Over 181 Land 191 Office Equipment 192 Accumulated Depreciation Office Equipment 193 Store Equipment 194 Accumulated Depreciation Store Equipment 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Insurance Expense 534 Office Supplies Expense 535 Rent Expense 536 Repairs Expense 537 Selling Expenses 538 Store Supplies Expense 551 Depreciation Expense-Office Equipment 562 Depreciation Expense-Store Equipment 590 Miscellaneous Expense 710 Interest Expense LIABILITIES 211 Accounts Payable-Skyine Supply Co. 221 Notes Payable 222 Interest Payable 231 Salaries Payable 241 Sales Tax Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Olvidends 313 Income Summary Check My Work gnment Score: 25.82% Module 8 ch7 Problems eBook Show Me How Calculator Instructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal Amount Descriptions tatement indicated a balance evealed the following reconcil e bank statement. Amount Descriptions Adjusted balanco Bank error in charging check as $710 instead of $170 Bank error in charging check as $170 instead of $710 Bank service charges Check for $710 returned because of insufficient funds Deposit of June 30, not recorded by bank Error in recording check Error in recording June 30 deposit Outstanding checks Proceeds of note collected by bank, including $1,800 interest Total adjustments Co, as $200. The check was for bling of the answer choices for text Mulos be reported as cash? un Calculator eBook Show Me How Module 8 ch7 Problems Shade Amount Descriptions Bank Reconciliation SCOUT Score: 31/108 Pala Medical Co. Bank Reconciliation June 30, 2011 $181,965.00 * Cash balance according to bank statement ? Adjustments 9,900.00 540.00 16,445.00 175,960.00 Cash balance according to company's records Adjustitients $146,035.00 13 $31,800.00 177835.00 75.00) 14 Adjusted balance (1.800.00) $175,960.00 Check My Work Assignment Score: 25.62% 8 ch7 Problems eBook B4 Show Me How Calculator Bank reconciliation and entries Instructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal Amount Descriptions Bank Reconciliation Journal Shaded cells have feedback Shaded cells have feedback. Journalize the necessary entries. Refer to Chart of Accounts for exact wording of account titles il transactions on this page must be entered (except for post ref(s) before you will receive Check My Work feedback. PAGE 1 JOURNAL Score: 12/75 ACCOUNTING EQUATION DESCRIPTION OMTE lun. 30 Cash POST. SEE DEAT CREDIT LIABILITIES EQUITY ASSETS 1 31,800.00 Points 2.24/14 Feedback Check My Work Keep in mind that the company needs to journaize any adjusting hems in the company section of the bank reconciation, because these have not been previously recorded by the Como Debit memo temaDe bank service charges decente Cash Items that come from credit memos to collections of notes or interest by Check My Work Essignment Score: 25.82%