Obj. 5 Bank reconciliation and entries ccount for Pala Medical Co. at June 30, 20Y1, indicated a balance of $166,436. The PR 7-3A 189,281 bank statement ind cated a balance of $195,688 on June 30, 20Y1. Comparing the bank sta ment and the accompanying canceled checks and memos with the records revealed the following reconciling items: a. Checks outstanding totaled $19,427 b, A depositors 12,300, representing receipts of June 30, had been made too late to appear on the bank statement. MPLATE c. The bank collected $26,500 on a $25,000 note, including interest of $1,500 A check for $4,000 returned with the statement had been incorrectly recorded by Pala Medical Co. as $400. d. The check was for the payment of an obligation to Skyline Supply Co.for a purchase on account e. A check drawn for $195 had been erroneously charged by the bank as $915. f Bank service charges for June amounted to $55. Instructions 1. Prepare a bank reconciliation. 2. Journalize the necessary entries. reported as cash? PR 7-4A Rank