Chart of Accounts Amount Descriptions Bank Reconciliation Journal Instructions The cash account for Amenican Medical Coat April 30 indicated a balance of 597,456. The bank statement indicated a balance of 127,960 on April 30 Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling forms: A Checks outstanding totaled 530,050. B. A deposit of 519,720, representing receipts of April 30, had been made too late to appear on the bank statement, C. The bank collected $22,149 on a $20,700 note, including interest of $1,449 D. A check for $1,450 returned with the statement had been incorrectly recorded by American Medical Co as 5145. The check was for the payment of an obligation to Targhee Supply Co. for a purchase on account E A check drawn for $200 had been erroneously charged by the bank as $920 F Bank service charges for April amounted to $40. Instructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal Instructions C. The bank collected $22,149 on a $20,700 note, including interest of 51 449 D. A check for $1,450 returned with the statement had been incorrectly recorded by American Medical Co. as $145. The check was for the payment of an obligation to Targhee Supply Co. for a purchase on account. E Acheck drawn for $290 had been erroneously charged by the bank as 5920 F Bank service charges for April amounted to $40 Instructions 1. Prepare a bank reconciliation Refer to the Amount Descriptions dit provided for the exact wording of the answer choices for text entries Deduct" or "Add" will automatically appear in it is required. 2 Joumaize the necessary entries. The accounts have not been closed Refer to the Chart of Accounts for exact wording of accounties 3. If a balance sheet is prepared for American Medical Co. on Apr 30what amount should be reported as cash? Amount Descriptions Bank Reconciliation Journal Instructions Chart of Accounts CHART OF ACCOUNT American Medical Co. General Ledger ASSETS REVENUE 410 Sales 610 Interest Revenue 110 Cash 111 Potty Cash 120 Accounts Receivable 131 Notes Receivable 141 Merchandise Inventory 145 Office Supplies EXPENSES 510 Cost of Merchandise Sold 515 Credit Card Expense 516. Cash Short and Over 146 Store Sunnies Amount Descriptions Bank Reconciliation Journal Instructions Chart of Accounts 146 Store Supplies 516 Cash Shrnd Over 151 Prepaid insurance 181 Land 191 Office Equipment 192 Accumulated Depreciation Office Equipment 193 Store Equipment 194 Accumulated Depreciation Store Equipment 520 Salaries Exponso 531 Advertising Expense 532 Delvery Expense 533 Insurance Expense 534 Onice Supplies Expense 535 Rent Expense 536 Repairs Expense LIABILITIES 211 Accounts Payable-Targhee Supply Co. 221 Notes Payable 222 Interest Payable 537 Seling Expenses 538 Store Supplies Expense 561 Depreciation Expense-Office Equipment 562 Depreciation Expense-Store Equipment Instructions Chart of Accounts ZACCOUNS ayanance supply c. 221 Notes Payable 222 Interest Payable 231 Salaries Payable 241 Sales Tax Payable 538 SOUSSD pense 561 Depreciation Expense-Office Equipment .562 Depreciation Expense-Store Equipment 590 Miscellaneous Expense 710 Interest Expense EQUITY 310 Owner, Capital 311 Owner, Drawing 312 Income Summary Amount Descriptions Amount Descriptions Bank error in charging check as $290 instead of $920 Bank error in charging check as $920 instead of $290 Bank service charges Check for $920 returned because of insufficient funds Deposit of April 30, not recorded by bank Error in recording check Error in recording April 30 deposit Outstanding checks Note and interest collected by bank FREE Chart of Accounts Amount Desc ons Bank Reconciliation Journal Bank Reconciliation MERICA MEDICAL CO Bank Reconciliation April 30 1 Cash balance according to bank statement 2 4 5 6 Adjusted balance 7 Cash balance according to company's records Instruction Chart of Accounts Amount Descriptions Bank Reconciliation Journal Bank Reconciliation 6 Adjusted balance 7 Cash balance according to company's records 9 10 11 12 15 Adjusted balance Chart of Accounts Amount Descript Bank Reconciliation Journal Bank Reconciliation Journal JOURNAL TACT ACCOUNTING EQUATION DATE DESCRIPTION POST RET DET LITIES COUT Instructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal Anal Questidu A Final Question DAT 3 If a balance sheet is prepared for American Medical Co. on Apr 30, what wount should be reported a co? NTION EQUITY