solve the following questions and charts for bank reconciliation and entries

The cash account for Pala Medical Center at June 30,20Y1, indicated a balance of $166,436. The bank statement indicated a balance of $195,688 on June 30,20Y1. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: a. Checks outstanding totaled $19,427. b. A deposit of $12,300, representing receipts of June 30 , had been made too late to appear on the bank statement. c. The bank collected $26,500 on a $25,000 note, including interest of $1,500. d. A check for $4,000 returned with the stat Ch 7 - (Extra Credit 2) Homework assignment take frame ter as $400. 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. Required: 1. Prepare a bank reconciliation. 2. Journalize the necessary entries. 3. If a balance sheet were prepared for Pala Medical Center on June 30, 20Y1, what amount should be reported as cash? Pala Medical Center Bank Reconciliation June 30,20Y1 \begin{tabular}{|c|c|c|c|} \hline 1( & Cash balance according to bank statement & & $195,688.00 \\ \hline 2 & Add: Deposit in transit on June 30 & $12,300.00 & 4 \\ \hline 3 & Add: Bank error in charging check as $915 instead of $195 & 720.00 & \\ \hline 4 & & & 13,020.00 \\ \hline 5 & Deduct: Outstanding checks & & 19,427.00 \\ \hline 6 & Adjusted balance & & \\ \hline 7 & & & \\ \hline 8 & Cash balance according to company's records & & \\ \hline 9 & Add: Adjusted balance & & \\ \hline 10 & 0 Deduct: Note collected by bank, including $1,500 interest & 26,500.00 & \\ \hline 11 & 1 Deduct: Error in recording check & 915.00 & \\ \hline 12 & Bank service charges & & 55.00 \\ \hline 13 & 3 Adjusted balance & & \\ \hline \end{tabular} 2. Journalize the necessary entries. General Journal Instructions 3. If a balance sheet were prepared for Pala Medical Center on June 30,20Y1, what amount should be reported as cash