final photo is the same as the first photo but it is higher quality so it can be seen easier

Instrucions The cash account for Pala Medical Co at June 30, 20Y1, indicaled a balance of S91,400 The bank statement ndcated a baiance of $126 .590 on June 30, 20Y1 Compang the bank statement and the accompanying canceed chcks and memos hthe reconds revealed the folowing reconciling tems Checks outstanding totaled $33,700 a b. Adepost cf $10.900, representng receipts of June 30, had been mace too ate to appear on the bank statement c The bank coected $22042 on a $20600 note, including interest of S1,442 The check was tor the payment of d Acheck for $1 600 retuned with the statement had been incomrectly ecorded by Pala Medical Co as $160 an obligation to kyine Supply Co tor a purchase on account Acheck drawn for 080 had been emoneounly charged by the bank as s60 t Bank service charges for June amounted to 540 Instructions a 1. Prepare a bank reconciliation Refer to the Amount Deacrptons st provided for the exact wording of the anewer cholces for lext ent &Deduct"wl automatically appear ife i required For those baes in nhch you munt enter sublracled or negative umbers e aminu sign efer to the Chat eof Accounts for exact wording of account oea Journalze the necessary entres 2 on June 30, 2OY, whal amount anould be repoted as cash ifa baance sheet were prepared for Pala Medcal Co 3 Use Score: 60/106 Pala Medical Co Bank Reconciliation June 30, 20Y 1 Cash balance according to bank statement Add: Deposit in transit on June 30 2 Add: Bank error in charging check as $860 instead of $680 Total additions 4 Deduct: Outstanding checks Adjusted balance 7 Cash balanoce according to company's reconds Add Note collected by bank, including S1442 interest Deduct: Emer in recording check Deduct: Bank service charges Total deductions 12 15 Adjusted balance Check My Work PAGE 1 ACCOUNTING EQUATION JOURNAL Score: 50/75 DESCRIPTION DATE POST, REF CREDIT ASSETS LIABILITIES EQUITY DEBIT Cash Jun. 30 1 Notes Receivable 2 Interest Revenue 3 Jun. 30 Accounts Payable-Skytine Supply Co. Miscellaneous Expense Cash R Points 9.33/14 Feedback Check My Work arfrnn ia n th m emtin d e ainin hne n en nt hununas n vAnn in ind tht n enmnnn nnnde f ine Final Question Shaded 3. If a balance sheet were prepared for Pala Medical Co on June 30, 20Y1, what amount should be reported as cash? Poin Feedback nstructions The cash account for Pala Medical Co at June 30, 20Y1, indicated a balance of $91,408. The bank statement indicated a balance of $126,590 on June 30, 20Y1. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the folowing reconciling items Checks outstanding totaled $33,700 a. b. A deposit of $18,900, representing receipts of June 30, had been made too late to appear on the bank statement c. The bank collected $22,042 on a $20,600 note, including interest of $1,442 d. Acheck for $1,600 returned with the statement had been incorrectly recorded by Pala Medical Co. as $160. The check was for the payment of an obligation to Skyline Supply Co. for a purchase on account Acheck drawn for $680 had been erroneously charged by the bank as $860. e f Bank service charges for June amounted to $40 Instructions Prepare a bank reconciliation. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. "Add" 1. & Deduct "will automatically appear if it is required. For those baxes in which you must enter subtracted or negative numbers use a minus sign 2 Journalize the necessary entries Refer to the Chart of Accounts for exact wording of account titles 3. If a balance sheet were prepared for Pala Medical Co on June 30, 20Y1, what amount should be reported as cash