eBook Bank Reconciliation and Entries The cash account for Online Medical Co. at June 30, 20Y6, indicated a balance of $12,585. The bank statement indicated a balance of $15,850 on June 30, 20Y6. Comparing the bank statement and e accompanying canceled checks and memos with the records revealed the following recondiling items: a. Checks outstanding totaled $5,710 b. A deposit of $5,940, representing receipts of June 30, had been made too late to appear on the bank stabement c. The bank had collected $3,090 on a note Veft for collection. The face of the note was $2,930. d. A check for $400 returned with the statement had been incorrectly recorded by Online Medical Co. as $440. The check was for the payment of an obligation to Hirsch Co. for the purchase of office supplies on account e. A check drawn for $450 had been erroneously charged by the bank as $so. T. Bank service charges for June amounted to $35 Instructions Prepare a bank reconcliation Online Medical Co. June 30, 20Y Cash balance according to bank statement MacBookA 1. Prepare a bank reconciliation. Online Medical Co. Bank Reconciliation June 30, 20Y6 Cash balance according to bank statement Adjusted balance Cash balance according to the books Adjusted balance 2 MacBook A o 2. Illustrate the effects on the accounts and financial statements of the bank reconciliation. If no account or activity is affected, select "No effect from the dropdown and leave the corresponding umber entry box blank. Enter account decreases and cash outfhlows as negative amounts Additions to balance per company's records: Balance Sheet Cash Flows Statement Select + Select Select June 30 une 30 Income Statement Statement of Cash Flows Select Deductions from balance per company's records Balance Sheet Statement Statement of Cash Flows Assets Select Select Select ne 30 June 30 Income Statement Statement of Cash Flows Select Select MacBook A