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The cash account for Pala Medical Co. at June 30,20Y Y, indicatod a balance of $97,456. The bank statement indicated a balance of $127,960 on

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The cash account for Pala Medical Co. at June 30,20Y Y, indicatod a balance of $97,456. The bank statement indicated a balance of $127,960 on June 30,20Y, Comparing the bark statement and the accomparyng cancoled checks and memos with the recorts revealed the folowing reconsiling homs: a. Checks outstanding tataled $30,050 b. A depoel of 519,720 , represonting receipts of une 30, had been made too late to appear on the bank stabiment. c. The bank colected $22,149 on a $20,700 note, holuding interest of $1,442. d. A check lor $1,450 returned wath the statement had been incomecty recorsed by Pala Medical Co, as $145. The check was tor the payment of an obligution to Siyine Supply Co. for a purchase on account 6. Acheck drawn for $290 had been enonsounly charped by the bank as $920 1. Bank serice charges loe June anoumed st 40 Instructions 5 "Deduct" nill aufomatealy appear if is requined For thase bones in which you must enter subtracted or nogative numbers use a minur sinh 2. Dounalie the necessary entles . Aeler to the Charf of Accounta for ecact worting of acoount tobs. 2. Wa balnces sheel nee prepored dor Pala Modeal Co. on June 30. dor, what ancunt shoult be mportad as casht? Instructions Chart of Accounts Chart of Accounts \begin{tabular}{ll|l} 37 & 532 Delivery Expense \\ acr & 192 Accumulated Depreciation-Office Equipment & 533 Insurance Expense \\ 193 Store Equipment & 534 Office Supplies Expense \\ 194 Accumulated Depreciation-Store Equipment & 535 Rent Expense \\ & 536 Repairs Expense \\ & LlABILITIES & 537 Selling Expenses \\ 211 Accounts Payable-Skyline Supply Co. & 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 \end{tabular} EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends Amount Descriptions Adjusted balance Bank error in charging check as $920 instead of $290 Bank service charges Deposit in transit on June 30 Deposit of June 30 , not recorded by bank Error in recording check Outstanding checks Note collected by bank, including $1,449 interest Total additions Total deductions Bank Reconciliation 1 Cash balance according to bank statement 2 5 4. 5. ? Cash balance according to company's records 9 10 11 13 13. PGEE JOURNAL OATE DESCRPPION POST. EF. DEAIT CAEOIT Assets ANTINR, FOISTION cQuiry If a balance sheet were prepared for Pala Medical Co. on June 30, 20Y1, what amount should be reported as cash

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