Chapter 7 - Homework Assignment eBook Show Me How con and Entries The cash account for Medical Coat June 10, 2011, balance of $15.00. The bank statement indicated Deco 517.330 on June 30, 2011. Comooring the one teme na campanyes canceled checks anders with the records revealed the forewing recording to Check outstanding tot 56.240. 6. A dout of 4.500, representing receipt of June 30, had been made to lose to ear on the bank statement The bark colected $3.300 a $3.210 note, including interest of $170. Acheck for 1770 peturned with the statement has been recorrectly recorded by Pau Medical Co. $700. The check was for the payment of a concerte Supply Co toe s purchase an account e. A check crown for $80 had been erroneous charged by the bank 5800 Bank service charges for moted to 550 Required 1. Prepare a bank reconditions Pala Medical Co. Bank Reconciliation June 30, 2011 Cashbaccording to take Ats Deposit 10 corded by bank Sanki herkesised Outstanding checks Topradjustments Adjusted Cash Dance in trecords Ajunt Proceeds of lected by an including $170 interest Fineco che ch 33 17,330 Pala Medical Co. Bank Reconciliation June 30, 2011 Cash balance according to bank statement Adjustments: Deposit of June 30, not recorded by bank Bank error in charging check as $800 instead of $80 Outstanding checks 6,500 720 6,240 Total adjustments 15,050 3.380 Adjusted balance Cash balance according to company's records Adjustments: Proceeds of note collected by bank, including $170 interest Error in recording check. Bank service charges Total adjustments Adjusted balance 70 50 Enedback 2. Journalize the necessary entries (a.) that increase cash and (b.) that decrease cash. The accounts have not been closed. For a 2. 2011 June 30 Cash Notes Receivable 0 Check My Work - Principles of Accounting Section Al Sprl... eBook Chapter 7 - Homework Assignment Show Me How 50 Bank service charges Total adjustments Adjusted balance Feedback 2. Journalize the necessary entries (a.) that increase cash and (b.) that decrease cash. The accounts have not been a. 2011 June 30 Cash Notes Receivable Interest Revenue ond on 3 0 b. June 30 Accounts Payable-Skyline Supply Co. Miscellaneous Expense Cash Feedback Check My Work 2. Koep in mind that the company needs to journalize any adjusting items in the company section of the bank reconciliation, beca decrease Cash, Items that come from credit memos like collections of notes or interest by the bank increase cash. If the company decrease Cash or increase Cash, respectively. Learning Objective 5. 3. If a balance sheet were prepared for Pala Medical Co. on June 30, 2011, what amount should be reported as cash? Chac
