Instructons The cash account for Pala Medical Co. at June 30, 2011, indicated a balance of S166,436, The bark statement indicated a balance of $195,688 on June 30, 2071 Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the folowing reconciling toms. 1. Checks outstanding totaled 519.427 D. A deposit of $12.300, representing recepts of June 30, had been made too late to appear on the bank statement. c. The bark collected $26.500 on a $25,000 note, including interest of $1,500. d. A check for $4,000 returned with the statement had been incorrectly recorded by Pala Medical Cos $400. The check was for the payment of an obligation to Skyline Supply Co. for a purchase on account Acheck drawn for $105 had been erroneously charged by the bark 5915 1. Bank service charges for Jure amounted to $55. 1. Prepare a bank reconcitation Refer to the Amount Description is provided for the exact wording of the answer choices for terries Mod s Deduct will automatically appear it is requred. For those boxes in which you must enter subtracted or negative numbers use a minus sign 2 Joumate the necessary entries. Refer to the Chart of Accounts for exact wording of accounties 3 a balance sheet were prepared for Pale Mediow Co. on June 30, 2011 what amount should be reported as eacht CHART OF ACCOUNTS Pala Medical Co. General Ledger ASSETS REVENUE 110 Cash 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Merchandise Sold 111 Petty Cash 120 Accounts Receivable 131 Notes Receivable 141 Merchandise Inventory 145 Office Supplies 146 Store Supplies 151 Prepaid Insurance 181 Land 191 Office Equipment 192 Accumulated Depreciation Office Equipment 193 Store Equipment 194 Accumulated Depreciation-Store Equipment 515 Credit Card Expense 516 Cash Short and Over 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Insurance Expense 534 Office Supplies Expense 535 Rent Expense 536 Repairs Expense 520 Salaries Expense 151 Prepaid Insurance 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 Expense LIABILITIES 211 Accounts Payable-Skyline Supply Co. 221 Notes Payable 222 Interest Payable 231 Salaries Payable 241 Sales Tax Payable 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 EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends Amount Descriptions Adjusted balance Bank error in charging check as $915 instead of $195 Bank service charges Deposit in transit on June 30 Error in recording check Note collected by bank, including $1,500 interest Outstanding checks Total additions Total deductions 1. Prepare a bank reconolation. Hefer to the Amount Descriptions is provided for the exact wording of the answer choices for text entries. "Add" & "Deduct" wir automatically appear it is required. For those boxes in which you must enter Subtracted or negative numbers use a minus sign Question not attempted Pain Medical Co Score: 0/106 Bank Reconciliation June 30, 20Y1 Cash balance according to bank statement . 5 Cash balance according to company's records 2 Joumalize the necessary entries. Refer to the Chart of Accounts for exact wording of account titles Question not attempted PAGE 1 JOURNAL Score: 0/75 ACCOUNTING EQUATION DATE DESCRIPTION POSTRE DEBIT CREDIT ASSETS LIARIES EQUITY 1 1 1 3. W a balance sheet were prepared for Pala Medical Co. on June 30, 20Y1, what amount should be reported as cash? $85,920.00 X Points: 0/1 EQUATIC