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REVIEW PROBLEM The following information is available for McCarthy Corp. on June 30: a. The balance in cash as reported on the June 30 bank

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REVIEW PROBLEM The following information is available for McCarthy Corp. on June 30: a. The balance in cash as reported on the June 30 bank statement is $5,6 54.98. b. McCarthy made a deposit of $865 on June 30 that is not included on the bank statement c. A comparison between the canceled checks returned with the bank statement and McCarthy's records indicated that two checks had not yet been returned to the bank for payment. The amounts of the two checks were $236.77 and $116.80. d. The Cash account on the company's books reported a balance on June 30 of $4,165.66. e. McCarthy rents some excess storage space in one of its warehouses, and the tenant pays its monthly rent directly to the bank for deposit in McCarthy's account. The bank statement indicates tllat a deposit of $1,500 was made during the month of June. f. Interest earned on the checking account and added to McCartlly's account during June was $11.75. g. Bartle service charges were $15 for the month of June as reported on the bank statement. h. A comparison between tlle checks returned witll the bank statement and the company's records revealed that a check written by the company in tlle amount of $56 was recorded by the company erroneously as a check for $560. Required Prepare a bank reconciliation for the month of June in good form. Prepare necessary journal entries

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