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Answer question b Obj. 5 ed 30 $16,185 EX 7-22 Bank reconciliation The following...

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Answer question b
Obj. 5 ed 30 $16,185 EX 7-22 Bank reconciliation The following bank reconciliation was prepared as of June 30, 2017: Poway Co. Bank Reconciliation For the Month Ended June 30, 2017 Cash balance according to bank statement.. Add: Outstanding Check No. 1067 Outstanding Check No. 1106 Outstanding Check No. 1110 Outstanding Check No. 1113 Total additions....... Deduct: Deposit of June 30 not recorded by bank. Adjusted balance... $ 575 470 1,050 910 3,005 (6,600) $12,590 $ 8,985 $6,000 300 15 6,315 Cash balance according to company's records .. Add: Proceeds of note collected by bank: Face value Proceeds of note collected by bank: Interest. Service charges Total additions.. Deduct: Check returned because of insufficient funds.. Error in recording June 17 deposit of $7,150 as $1,750 Total deductions Adjusted balance... a. Identify the errors in the bank reconciliation. b. Prepare a corrected bank reconciliation. $ 890 5,400 (6,290) $ 9,010

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