PR 8-3A Bank reconciliation and entries OBJ. 5 The cash account for Capstone Medical Co. at November 30, 2016, indicated a balance of $89,620. The bank statement indicated a balance of $128,660 on November 30, 2016. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: a. Checks outstanding totaled $32,700. b. A deposit of $18,550, representing receipts of November 30, had been made too late to appear on the bank statement. c. The bank collected $26,750 on a $25,000 note, including interest of $1,750. d. A check for $1,500 returned with the statement had been incorrectly recorded by Capstone Medical Co. as $150. The check was for the payment of an obligation to ABC Supply Co. for a purchase on account. e. A check drawn for $490 had been erroneously charged by the bank as $940. f. Bank service charges for November amounted to $60. Instructions 1. Prepare a bank reconciliation. 2. Journalize the necessary entries. The accounts have not been closed. 3. If a balance sheet were prepared for Capstone Medical Co. on November 30, 2016, what amount should be reported as cash? EX 9-19 Determine due date and interest on notes OBJ.6 Determine the due date and the amount of interest due at maturity on the following notes dated in 2016: Date of Note Face Amount Interest Rate Term of Note January 3* $80,000 6% 120 days a. b. February 20* 27,000 4 30 days C. May 24 62,500 8 45 days August 30 30,000 90 days e . October 4 40,000 90 days * February 2016 has 29 days