Question: I need help with journalizing and question number 3. The cash account for Pala Medical Co. at June 30,20Y1, indicated a balance of $91,408. The



I need help with journalizing and question number 3.
The cash account for Pala Medical Co. at June 30,20Y1, indicated a balance of $91,408. The indicated a balance of $126,590 on June 30,20Y. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: a. Checks outstanding totaled $33,700. b. A deposit of $18,900, representing receipts of June 30 , had been made too late to appear on the bank statement. c. The bank collected $22,042 on a $20,600 note, including interest of $1,442. d. A check for $1,600 returned with the statement had been incorrectly recorded by Pala Medical Co. as $160. The check was for the payment of an obligation to Skyline Supply Co. for a purchase on account. e. A check drawn for $680 had been erroneously charged by the bank as $860. f. Bank service charges for June amounted to $40. Pala Medical Co. 2. Journalize the necessary entries. Refer to the Chart of Accounts for exact wording of account titles. 3. 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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