eBook 4 Show Me How Calculator Print item Bank reconciliation and entries Instructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal Final Question Instructions The cash account for Pala Medical Co. at June 30, 20Y1, indicated a balance of 5166.436. The bank statement indicated a balance of 5195 688 on June 30 2071 Comparing the bank statement and the accompanying canceled checks and memes with the records revealed the following reconciling items: a Checks outstanding totaled $ 19,427 b. A deposit of $12,300, representing receipts of June 30, had been made too late to appear on the bank statement c. The bank collected $26.500 on a 525.000 note, including interest of $1,500 d. A check for $4,000 returned with the statement had been incorrectly recorded by Pala Medical Co, as $400. The check was for the payment of an obligation to Skyline Supply Co. for a purchase on account e. A check drawn for $195 had been erroneously charged by the bank as 5915 Bank service charges for June amounted to 555. 1. Prepare a bank reconciliation. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entnes. "Add" & Deduct will automatically appear if it is required. For those boxes in which you must ender subtracted or negative numbers use a minus sign 2. Journalte the necessary entries. Refer to the Chart of Accounts for exact wording of account nifles 3 a balance sheet were prepared for Pale Medical Co on June 30, 2014, what amount should be reported as cash? Previou Submit Assignment Check My Work Email Instructor Save and Exit All work saved. O Bank reconciliation and entries Instructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal Final Question Instructions Chart of Accounts TH 131 Notes Receivable re 141 Merchandise Inventory EXPENSES 510 Cost of Merchandise Sold 515 Credit Card Expense 145 Office Supplies 146 Store Supplies 151 Prepaid Insurance 516 Cash Short and Over 520 Salaries Expense 181 Land 531 Advertising Expense 532 Delivery Expense 191 Office Equipment 192 Accumulated Depreciation Office Equipment 533 Insurance Expense 534 Office Supplies Expense 193 Store Equipment 194 Accumulated Depreciation-Store Equipment 535 Rent Expense 536 Repairs Expense 537 Selling Expenses LIABILITIES 211 Accounts Payable-Skyline Supply Co. 538 Store Supplies Expense 221 Notes Payable 561 Depreciation Expense-Office Equipment 562 Depreciation Expense-Store Equipment 222 Interest Payable 231 Salaries Payable 590 Miscellaneous Expense 241 Sales Tax Payable 710 Interest Expense EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends Check My Work All work saved, O PI o Mo 68 Bank reconciliation and entries Instructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal Final Question Instru Bank Reconciliation Pala Medical Co. Score: 16/106 re Bank Reconciliation June 30, 20Y1 1 Cash balance according to bank statement $195,688.00 2 $12,300.00 3 720.00 + 13.020.00 5 6 & Cash balance according to company's records 9 10 DATE 11 12 15 Check My Work All work sayed Jour Amount Descriptions Bank Reconciliation Instructions inal Chart of Accounts structions Chart of Accounts the bank sta EXPENSES 131 Notes Receivable 510 Cost of Merchandise Sold 141 Merchandise Inventory Journal Shaded cells have feedback. X JOURNAL Score: 33/75 ACCOUNTING EQUATION POST. REF DESCRIPTION DEBIT CREDIT ASSETS DATE LIABILITIES EQUITY 1 Cash 2 3 5 Points 6.16 / 14 241 Sales Tax Payable 710 Interest Expense EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends M