Instructions The can account for Pala Medical Co at June 30, 20Y1, indicated a balance of 591,408 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 following reconciling items a Check outstanding totaled $33,700 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 noto, including interest of $1,442 d. A check for 1.600 returned with the statement had been incorrectly recorded by Pala Medical Co as 5160. The check was for the payment or an obligation to Skyline Supply Co for a purchase on account e A check drawn for S680 had been erroneously charged by the bank as 5860 1. Bank service charges for June amounted to 540. Instructions 1 Prepare a bank reconciliation. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries "Add" & Deduct will automatically appear if it is required. For those boxes in which you must enter subtracted or negatve numbers use a minus sign 2 Journaize the necessary entries Refer to the Chart of Accounts for exact wording of account tities 3. If a balance sheet were prepared for Pala Medical Co. on June 30, 2014, what amount should be reported as cash