The journal in requirement 2 consists of 6 lines. Please complete all parts.

Chapter 08 Homework (Application) Bank reconciliation and entries Instructions Chart Of Accounts Instructions eBook Amount Descriptions Show Me How Bank Reconciliation Journal Final Question O Chart of Accounts The cash account for American Medical Co. at April 30 indicated a balance of $84,457. The bank statement indicated a balance of $127,190 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: CHART OF ACCOUNTS American Medical Co. General Ledger ASSETS 110 Cash Petty Cash Bank Reconciliation 1. Prepare a bank reconciliation. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. "Deduct:" or "Add:" will automatically appear if it is required. Whenever there is more than one adjusting iten in the bank portion of the reconciliation or the general ledger portion of the bank reconciliation, enter in the order presented in the instructions. AMERICAN MEDICAL CO. Bank Reconciliation A. B. C. D. E. F. 2. 3. Checks outstanding totaled $33,310. A deposit of $17,610, representing receipts of April 30, had been made too late to appear on the bank statement. The bank collected $28,248 on a $26,400 note, including interest of $1 ,848. A check for $1 , 100 retumed with the statement had been incorrectly recorded by American Medical Co. as $110. The check was for the payment of an obligation to Targhee Supply Co. for a purchase on account. A check drawn for $680 had been erroneously charged by the bank as $860. Bank service charges for April amounted to $45. Instructions Prepare a bank reconciliation. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. "Deduct:" or "Add:" will automatically appear if it is required. Journalize the necessary entries. The accounts have not been closed. Refer to the Chart of Accounts for exact wording of account titles. If a balance sheet is prepared for American Medical Co. on April 30, what amount should be reported as cash? 111 120 131 141 145 146 151 181 191 192 193 194 211 221 222 231 241 310 311 312 Accounts Receivable Notes Receivable Merchandise Inventory Office Supplies Store Supplies Prepaid Insurance Land Office Equipment Accumulated Depreciation-Office Equipment Store Equipment Accumulated Depreciation-Store Equipment LIABILITIES Accounts Payable-Targhee Supply Co. Notes Payable Interest Payable Salaries Payable Sales Tax Payable Final Question 410 610 510 515 516 520 531 532 533 534 535 536 537 538 561 562 590 710 REVENUE Sales Interest Revenue EXPENSES Cost of Merchandise Sold Credit Card Expense Cash Short and Over Salaries Expense Advertising Expense Delivery Expense Insurance Expense Office Supplies Expense Rent Expense Repairs Expense Selling Expenses Store Supplies Expense Depreciation Expense-Office Equipment Depreciation Expense-Store Equipment Miscellaneous Expense Interest Expense 10 11 12 15 April 30 Cash balance according to bank statement Adjusted balance Cash balance according to company's records Adjusted balance Amount Descriptions Amount Descriptions Bank error in charging check as $680 instead of $860 Bank error in charging check as $860 instead of $680 Bank service charges Check for $860 returned because of insufficient funds Deposit of April 30, not recorded by bank Error in recording check Error in recording April 30 deposit Outstanding checks Note and interest collected by bank EQUITY Owner, Capital Owner, Drawing Income Summary Check My Work Assignment Score: 67.64% 3. If a balance sheet is prepared for American Medical Co. on April 30, what amount should be reported as cash? All work saved. Previous Next) Email Instructor Save and Exit Submit Assignment for Grading