Cnart of Accounts Labels and Amount Descriptions

General Lournal

Instructions

and memos with the records revealed the following reconciling items:

$3.$ Checks outstanding totaled $$34,090.$

b$.$ A deposit of $$18,430,$ representing receipts of June $30,$ had been made too late to appear on the bank statement.

c$.$ The bank collected $$31,779$ on a $$29,700$ note, including interest of $$2,079,$

d$.$ A check for $$1,900$ returned with the statement had been incorrectly recorded by Pala Medical $C0,$ as $$190.$ The check was for the payment of an obligation to Skyline Supply Co$.$ for a purchase on account.

e$.$ A check drawn for $$370$ had been erroneously charged by the bank as $$730.$

f$.$ Bank service charges for June amounted to $$55$

Required:

Prepare a bank reconcilation.

Joumalize the necessary entries.

If a balance sheet were prepared for Pala Medical Co$.$ on June $30,20Y1,$ what amount should be reported as cash?