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 accountfor 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 bankstatement and the accompanying canceled checks and memos with the records revealedI 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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