PR$\mathrm{.}08\mathrm{.}03.$ALGO $($Algorithmic$)$

Bank Reconciliation and Entries

a$.$ Checks outstanding totaled $$3,750.$

b$.$ A deposit of $$3,910,$ representing receipts of April $30,$ had been made too late to appear on the bank statement.

c$.$ The bank collected $$2,030$ on a $$1,930$ note, including interest of $$100.$

d$.$ A check for $$550$ returned with the statement had been incorrectly recorded by Norwegian Medical Co$.$ as $$500.$ The check was for the payment of an obligation to Universal Supply Co$.$ for a purchase on account.

e$.$ A check drawn for $$70$ had been erroneously charged by the bank as $$700.$

f$.$ Bank service charges for April amounted to $$25.$ Prepare a bank reconciliation.

Norwegian Medical Co$.$

Bank Reconciliation

April $30$

Journalize the necessary entries $($a$.)$ that increase cash and $($b$.)$ that decrease cash. The accounts have not been closed. If an amount box does not require an entry, leave it blank.

a$.$ April $30$

b$.$ April $30$

:

$-$

If a balance sheet is prepared for Norwegian Medical Co$.$ on April $30,$ what amount should be reported as cash?

$!$