The cashaccount for Pala Medical Co. at June 30,20Y1, indicated a balance of $166,436. The indicated a balance of $195.688 on June 30.20Y1 : Comparing the ba statement and the accorpanying canceled checks and memos with the records revealed the folowing reconcling items a Checks outstanding totaked $19,427 b. A deposit of \$12,300, representang teceipts of June 30 , had been made too late to appear on the bank watement. c. The bark colleded $26.500 on a $25,000 note, including interest of $1,500 a A check tor $4,000 retumed with the statement had been incorrecty recorded by Pala Medical Co. as $400. Ihe check was for the payment of an obligation to Skyline Suppey Co. tor a purchase on account 0. A dieck dramn for $195 had been eroneously charged by the bank as 3915 I Bank service charges lor June amounted to \$55: Required: 1 Prepare a bank reconcliation 2 Joumake the necessary entres 3. If a balance sheet were prepared for Pala Medical Co. on June 30 , 20yt, what amount shoudd be reported as cash? Labels For the Month Ended June 30, 20Y1 June 30,20Y1 Amount Descriptions Adjusted balance Bank error in charging check as $915 instead of $195 Bank service charges Deposit in transit on June 30 Error in recording check Note collected by bank, including $1,500 interest Outstanding checks Total additions Total deductions Bank Reconciliation Pala Medical Co Bank Reconciliation (Label) 1 Cash balance according to bank statement 2 3 4 5 6 7 8. Cash balance according to company's records 9 10 11 12 13 General Journal JOUREAL. 3. If a balance sheet were prepared for Pala Medical Co. on June 30, 20Y1, what amount should be reported as cash