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The bank statement indicated a balance of $23,775 on April 30, 2014. Comparing the bas secks and memos with the records revealed statement and the
The bank statement indicated a balance of $23,775 on April 30, 2014. Comparing the bas secks and memos with the records revealed statement and the accompanying a. Checks outstanding totaled $7,840. b. A deposit of $3,580, representing receipts of April 30, had been made too late to ap. pear on the bank statement. c. The bank collected $3,780 on a note left for collection. The face of note was $3,600. d. A check for $770 retumed with the statement had been incorrectiy recorded by Remedy Medical Co. as $700. The chech. e. A check drawn for $330 had been erroneously charged by the bank as $3,300. f. Bank service charges for April amounted to $110. Instructions 1. Prepare a bank reconciliation. 2. Journalize the necessary entries. The accounts have not been closed. 3. If a statement of financial position were prepared for Remedy Medical Co. on April 30,2014 , what amount should be reported as cash
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