Required: 1. Prepare a bank reconciliation as of June 30,20Y2. If emors in recording deposits or checks are discovered, assume that the errors were made by the company. Assume that all deposits are from cash sales. All checks are written to satisfy accounts payable. Be sure to complete the statement heading. Refer to the instructions, Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. To enter the Check number, please enter "No." preceeding the number. "Deduct", "Add", or colons (.) wW automatically appear if required. Enter all amounts as positive numbers. Round your answers to two decimal places. 2. Joumalize the necessary entries. The accounts have not been closed. Refer to the chart of accounts for the exact wording of the account titles. CNOW joumals do not use lines for joumal explanations. Every line on a joumal page is used for debit or credit entries. CNOW joumals will automatically indent a credit entry when a credit amount is entered. Round your answers to two decimal places. 3. What is the amount of Cash that should appear on the balance sheet as of June 30 ? 4. Assume that a canceled check for $390 has been incorrectly recorded by the bank as $930. Bnefly explain how the error would be included in a bank reconcilition and how it should be corrected. DUPLICATE DEPOSIT TICKETS: Date and amount of each deposit in June: CHECKS WRITTEN: Number and amount of each check issued in June: Total amount of checks issued in June: $8,395.66 CHART OF ACCOUNTS Beeler Furniture Company General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Petty Cash 610 Interest Revenue 120 Accounts Receivable 131 Notes Receivable EXPENSES 141 Merchandise Inventory 510 Cost of Merchandise Sold 145 Office Supplies 515 Credit Card Expense 146 Store Supplies 516 Cash Short and Over 151 Prepaid Insurance 520 Salaries Expense 181 Land 531 Advertising Expense 191 Office Equipment 532 Delivery Expense 192 Accumulated Depreciation-Office Equipment 533 Insurance Expense 193 Store Equipment 534 Office Supplies Expense 194 Aocumulated Depreciation-Store Equipment 535 Rent Expense 536 Repairs Expense LIABILITIES 537 Selling Expenses 210 Accounts Payable 538 Store Supplies Expense 221 Notes Payable 561 Depreciation Expense-Office Equipment 222 Interest Payable 562 Depreciation Expense-Store Equipment 231 Salaries Payable 590 Miscellaneous Expense 241 Sales Tax Payable 710 Interest Expense EQUITY 310 Owner, Capital 311 Owner, Drawing Labels Cash and cash equivalents For the Year Ended June 30, 20Y2 June 30,20r2 Outstanding checks Amount Descriptions Adjusted balance Bank service charges Check returned because of insufficient funds Deposit of June (insert day), not recorded by bank Error in recording Check No. (insert check number) Error in recording June (insert day) deposit Interest Note and interest collected by bank Principal CCheck numbers are valid Amount Descriptions; Please enter "No." preceeding the Check number.) Required: 1. Prepare a bank reconciliation as of June 30,20Y2. If emors in recording deposits or checks are discovered, assume that the errors were made by the company. Assume that all deposits are from cash sales. All checks are written to satisfy accounts payable. Be sure to complete the statement heading. Refer to the instructions, Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. To enter the Check number, please enter "No." preceeding the number. "Deduct", "Add", or colons (.) wW automatically appear if required. Enter all amounts as positive numbers. Round your answers to two decimal places. 2. Joumalize the necessary entries. The accounts have not been closed. Refer to the chart of accounts for the exact wording of the account titles. CNOW joumals do not use lines for joumal explanations. Every line on a joumal page is used for debit or credit entries. CNOW joumals will automatically indent a credit entry when a credit amount is entered. Round your answers to two decimal places. 3. What is the amount of Cash that should appear on the balance sheet as of June 30 ? 4. Assume that a canceled check for $390 has been incorrectly recorded by the bank as $930. Bnefly explain how the error would be included in a bank reconcilition and how it should be corrected. DUPLICATE DEPOSIT TICKETS: Date and amount of each deposit in June: CHECKS WRITTEN: Number and amount of each check issued in June: Total amount of checks issued in June: $8,395.66 CHART OF ACCOUNTS Beeler Furniture Company General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Petty Cash 610 Interest Revenue 120 Accounts Receivable 131 Notes Receivable EXPENSES 141 Merchandise Inventory 510 Cost of Merchandise Sold 145 Office Supplies 515 Credit Card Expense 146 Store Supplies 516 Cash Short and Over 151 Prepaid Insurance 520 Salaries Expense 181 Land 531 Advertising Expense 191 Office Equipment 532 Delivery Expense 192 Accumulated Depreciation-Office Equipment 533 Insurance Expense 193 Store Equipment 534 Office Supplies Expense 194 Aocumulated Depreciation-Store Equipment 535 Rent Expense 536 Repairs Expense LIABILITIES 537 Selling Expenses 210 Accounts Payable 538 Store Supplies Expense 221 Notes Payable 561 Depreciation Expense-Office Equipment 222 Interest Payable 562 Depreciation Expense-Store Equipment 231 Salaries Payable 590 Miscellaneous Expense 241 Sales Tax Payable 710 Interest Expense EQUITY 310 Owner, Capital 311 Owner, Drawing Labels Cash and cash equivalents For the Year Ended June 30, 20Y2 June 30,20r2 Outstanding checks Amount Descriptions Adjusted balance Bank service charges Check returned because of insufficient funds Deposit of June (insert day), not recorded by bank Error in recording Check No. (insert check number) Error in recording June (insert day) deposit Interest Note and interest collected by bank Principal CCheck numbers are valid Amount Descriptions; Please enter "No." preceeding the Check number.)