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Instructions Chart of Accounts Labels and Amount Descriptions Bank Reconciliation !General Journal V Instructions statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: The cash account for Pala Medical Center at June 30, 20Y1, indicated a balance of $166,436. The bank statement indicated a balance of $195,688 on June 30, 20Y1. Comparing the bank a. Checks outstanding totaled $19,427. b. A deposit of $12,300, representing receipts of June 30, had been made too late to appear on the bank statement. c. The bank collected $26,500 on a $25,000 note, including interest of $1,500. d. A check for $4,000 returned with the statement had been incorrectly recorded by Pala Medical Center as $400. The check was for the payment of an obligation to Skyline Supply Co. for a purchase on account. e. A check drawn for $195 had been erroneously charged by the bank as $915. f. Bank service charges for June amounted to $55. Required: 1 Drapara a bar tion eck My Work SA f4 Q Search L ly R f5 f6 % 5 A- T Y f7 冂+ & 7 00 * 90 fg KAA 8 9 E G H K V B N M hulu f10 DII < Previous Ne Email Instructor Save and Exit Submit Assignment for E f11 f12 DDI P 66 t backspace prt sc

Instructions Chart of Accounts Labels and Amount Descriptions Bank Reconciliation !General Journal V Instructions statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: The cash account for Pala Medical Center at June 30, 20Y1, indicated a balance of $166,436. The bank statement indicated a balance of $195,688 on June 30, 20Y1. Comparing the bank a. Checks outstanding totaled $19,427. b. A deposit of $12,300, representing receipts of June 30, had been made too late to appear on the bank statement. c. The bank collected $26,500 on a $25,000 note, including interest of $1,500. d. A check for $4,000 returned with the statement had been incorrectly recorded by Pala Medical Center as $400. The check was for the payment of an obligation to Skyline Supply Co. for a purchase on account. e. A check drawn for $195 had been erroneously charged by the bank as $915. f. Bank service charges for June amounted to $55. Required: 1 Drapara a bar tion eck My Work SA f4 Q Search L ly R f5 f6 % 5 A- T Y f7 冂+ & 7 00 * 90 fg KAA 8 9 E G H K V B N M hulu f10 DII < Previous Ne Email Instructor Save and Exit Submit Assignment for E f11 f12 DDI P 66 t backspace prt sc

Financial And Managerial Accounting
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter10: Liabilities: Current, Installment Notes, And Contingencies
Section: Chapter Questions
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Instructions Chart of Accounts Labels and Amount Descriptions Bank Reconciliation !General Journal V Instructions statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: The cash account for Pala Medical Center at June 30, 20Y1, indicated a balance of $166,436. The bank statement indicated a balance of $195,688 on June 30, 20Y1. Comparing the bank a. Checks outstanding totaled $19,427. b. A deposit of $12,300, representing receipts of June 30, had been made too late to appear on the bank statement. c. The bank collected $26,500 on a $25,000 note, including interest of $1,500. d. A check for $4,000 returned with the statement had been incorrectly recorded by Pala Medical Center as $400. The check was for the payment of an obligation to Skyline Supply Co. for a purchase on account. e. A check drawn for $195 had been erroneously charged by the bank as $915. f. Bank service charges for June amounted to $55. Required: 1 Drapara a bar tion eck My Work SA f4 Q Search L ly R f5 f6 % 5 A- T Y f7 冂+ & 7 00 * 90 fg KAA 8 9 E G H K V B N M hulu f10 DII < Previous Ne Email Instructor Save and Exit Submit Assignment for E f11 f12 DDI P 66 t backspace prt sc
Transcribed Image Text:Instructions Chart of Accounts Labels and Amount Descriptions Bank Reconciliation !General Journal V Instructions statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: The cash account for Pala Medical Center at June 30, 20Y1, indicated a balance of $166,436. The bank statement indicated a balance of $195,688 on June 30, 20Y1. Comparing the bank a. Checks outstanding totaled $19,427. b. A deposit of $12,300, representing receipts of June 30, had been made too late to appear on the bank statement. c. The bank collected $26,500 on a $25,000 note, including interest of $1,500. d. A check for $4,000 returned with the statement had been incorrectly recorded by Pala Medical Center as $400. The check was for the payment of an obligation to Skyline Supply Co. for a purchase on account. e. A check drawn for $195 had been erroneously charged by the bank as $915. f. Bank service charges for June amounted to $55. Required: 1 Drapara a bar tion eck My Work SA f4 Q Search L ly R f5 f6 % 5 A- T Y f7 冂+ & 7 00 * 90 fg KAA 8 9 E G H K V B N M hulu f10 DII < Previous Ne Email Instructor Save and Exit Submit Assignment for E f11 f12 DDI P 66 t backspace prt sc
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