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no hand-writing. Can you make the journal entries bigger so I can see the number. ince: PR 8-3A Bank reconciliation and entries OBJ.5 The cash
no hand-writing. Can you make the journal entries bigger so I can see the number. ince: PR 8-3A Bank reconciliation and entries OBJ.5 The cash account for Norwegian Medical Co. at April 30 indicated a balance of $403,781. The bank statement indicated a balance of $468,460 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: a. Checks outstanding totaled $73,870. b. A deposit of $51,230, representing receipts of April 30, had been made too late to appear on the bank statement. c. The bank collected $50,630 on a $18,220 note, including interest of $2,410. d. A check for $9,160 returned with the statement had been incorrectly recorded by Norwegian Medical Co. as $916. The check was for the payment of an obligation to Universal Supply Co. for a purchase on account. e. A check drawn for $680 had been erroneously charged by the bank as $860. 1. Bank service charges for April amounted to $170. Instructions 1. Prepare a bank reconciliation. 2. Journalize the necessary entries. The accounts have not been closed. 3. If a balance sheet is prepared for Norwegian Medical Co. on April 30, what amount should be reported as cash? Journal Entries Date Description Debit April 30 50,6 April 30 Cash Notes Receivable Interest Revenue (For recording notes receivable collected) Misc. Expense Cash (For bank service charges) Universal Supply Co. Cash (For bank service charges) 1 April 30 8,2
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