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The cash account for Pala Medical co. at June 30, 201, Indicated a balance of $9,240. The bank statement indicated a balance of $10,000 on

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The cash account for Pala Medical co. at June 30, 201, Indicated a balance of $9,240. The bank statement indicated a balance of $10,000 on June 30, 20Y1. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the Potlowing reconciling items a. Checks outstanding totaled $3,890. b. A depost of $4,050, representing receipts of June 30, had been made too late to appear on the bank statement c. The bank collected $2,110 on a $2,000 note, including interest of $110. . A check for $80 returned with the statement had been incorrectly recorded by Pala Medical Co as sooo. The check was for the payment of an obligation to Skyline Supply Co. for a purchase on account. e. A check drawn for $30 had been erroneously charged by the bank as $300 1. Bank service charges for June amounted to 540, Required: 1. Prepare a bank reconciliation Pala Medical Co Bank Reconciliation June 30, 2011 Cash balance according to bank statement Adjustments: Total adjustments Adjusted balance Cash balance according to company's records Austments Adjusted balance Cash balance according to company's records Adjustments: 8 Total adjustments Adjusted balance 2. Soumaline the necessary entries (0) that increase cash and (b) that decree cash. The accounts have not been dosed. For a compound transaction, an wount box does not require an entry, leave it bank 3. 2011 June 30 b. June 30 3. If a balance sheet were prepared for Fala Medical Coon June 30, 2011, what amount should be reported as cash

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