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The cash account for Remedial Medical Co. at April 30, 2014, indicated a balance of $18,885. The bank statement indicated a balance of $23,775 on

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The cash account for Remedial Medical Co. at April 30, 2014, indicated a balance of $18,885. The bank statement indicated a balance of $23,775 on April 30, 2014. Comparing the bank statement and the accompanying canceled cheques and memos with the records revealed the following reconciling items: i) Cheques outstanding totaled $7,840 ii) A deposit of $3,580, representing receipts on April 30, had been made too late to appear on the bank statement. iii) The bank collected $3,780 on a note left for collection. The face of the note was $3,600. iv) A cheque for $770 returned with the statement had been incorrectly recorded by Remedial Medical Co. as $700. The cheque was for the payment of an obligation to Copelin Co. for a purchase on account. v) A cheque drawn for $330 had been erroneously charged by the bank as $3,300. vi) Bank service charges for April amounted to $110. Required: a) Prepare a bank reconciliation statement for Remedial Medical Co., at April 30. b) Journalize the necessary entries. Assume that the accounts have not been closed. c) State the amount of cash that should be included in the balance sheet at April 30

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