ook Show Me How Calculator The cash account for American Medical Co. at Aprl 30 indicated a balance of $334,985. T bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items The bank statement indicated a balance of $388,600 on April 30. Comparing the A. Checks outstanding totaled $61,280 B. A deposit of $42,500, representing receipts of Apri 30, had been made too late to appear on the bank statement C. The bank collected $42,000 on a $40,000 note, including interest of $2,000 D. A check for $7,600 returned with the statement had been incorrectly recorded by American Medical Co. as $760. The check was for the payment of an obligation to Targhee Supply Co. for a purchase on account E. A check drawn for $240 had been erroneously charged by the bank as $420 F Bank service charges for April amounted to $145 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' wall 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. ifa baiance sheet is prepared for American Medical Co on Apnit 30, what amount shouid be reported as cash? Prevlous Next eck Ry Work 11:05 A ns&takeAssignmentSessionlocator-assignment-take&inprogress n/takeAssignment/takeAssignmentMain.do?invoker-assignmen false 1. Prepare a bank aufomaticaly appear if & is required. reconcillation, enter in the order presented in the instructions reconcilation. Reler to the Amount Descriptions list provided for the exact wording of the answer choices for text entries "Deduct" or Addwl Whenever there is more than one adjusting tem in the bank portion af the reconcailation or the general kedger portion of the bank AMERICAN MEDICAL co Bank Reconciliation April 30 Score: 8/87 Cash balance according to bank statement $388,600.00 s Adjusted balance Cash balance according to company's records 334,985,00 20 13 Check My Work Previous Nex Email Instructor Save and Exit Submit ournal 2 Journaize the necessary entries. The accounts have not been closed. Refer to the Chart of Accounts for exact wording of account iles Question not attempted. PAGE 1 JOURNAL Score: 0/75 ACCOUNTING EQUATION DATE DESCRIPTION POST. REF ASSETS LABILITIES EQUITY DEEIT CREDIT Points:0/14 Feedback KPr heck My Work Previous Next Emaill Instructor Save and Exit Submit Assignment for Gra 11:06 A
