Instructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal Instructions The cash account for American Medical Co at April 30 indicated a balance of $97,456. The bank statement indicated a batance of 5127.960 on April 30. Comparing the bank stalement and the accompanying canceled checks and memos with the revealed the following reconciling items A Checks outstanding totaled $30,050 B. A deposit of $19,720, 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 51,450 returned with the statement had been incorrecty 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 A check drawn for $290 had been erroneously charged by the bank as $920 F Bank service charges for April amounted to 540 Instructions Instructions 1. Prepare a bank reconciliation Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. "Deduct" or "Add" will automatically appear if it is required 2. Journalize the necessary entries. The accounts have not been closed. Refer to the Chart of Accounts for exact wording of account titles 3 if a balance sheet is prepared for American Medical Co on April 30, what amount should be reported as cash? astructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal tructions Chart of Accounts American Medical Co. General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Petty Cash 610 Interest Revenue 120 Accounts Receivable EXPENSES 131 Notes Receivable 141 Merchandise Inventory 145 Office Supplies 146 Store Supplies 151 Prepaid Insurance 510 Cost of Merchandise Sold 515 Credit Card Expense 516 Cash Short and Over 520 Salaries Expense Instructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal Instructions Chart of Accounts 181 Land 191 Office Equipment 192 Accumulated Depreciation Office Equipment 193 Store Equipment 194 Accumulated Depreciation Store Equipment 531 Advertising Expense 532 Delivery Expense 533 Insurance ense 534 Office Supplies Expense 535 Rent Expense 536 Repairs Expense 537 Selling Expenses 538 Store Supplies Expense 561 Depreciation Expense-Office Equipment 562 Depreciation Expense-Store Equipment 590 Miscellaneous Expense 710 Interest Expense LIABILITIES 211 Accounts Payable-Targhee Supply Co. 221 Notes Payable 222 Interest Payable 231 Salaries Payable 241 Sales Tax Payable astructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal Cructions Chart of Accounts ZIL ACCOUnis Payabie-Targnee Supply Co. 221 Notes Payable 222 Interest Payable 536 Store Supplies Experise 561 Depreciation Expense-Office Equipment -562 Depreciation Expense-Store Equipment 590 Miscellaneous Expense 710 Interest Expense 231 Salaries Payable 241 Sales Tax Payable EQUITY 310 Owner, Capital 311 Owner, Drawing 312 Income Summary Instructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal Journal Bank Reconciliation A VICARDIGA Bank Reconciliation April 30 Cash balance according to bank statement 1 4 5 Adjusted balance Cash balance according to company's records Instructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal Journal Bank Reconciliation 5 6 Adjusted balance Cash balance according to company's records. 9 10 11 11 Adjusted balance Instructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal Journal PAGE JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DEBIT CREDIT ASSETS LIABILITIES EQUITY
