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The cash account for American Medical Co. at April 30 indicated a balance of $334,985....

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Accounting

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The cash account for American Medical Co. at April 30 indicated a balance of $334,985. The bank statement indicated a balance of $388,600 on Apri 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: A Checks outstanding totaled $61,280 B. A deposit of $42,500, representing receipts of April 30, had been made too late to appear on the bank statement C. The bank collected $42,000 on a $40,000 note, including interest of $2,000 D. A check for $7,600 returned with the statement had been incorrectly recorded by American Medical Co. as $760. The check was for the payment of an obligation to Targhee Supply Co. for a purchase on account E. A check drawn for $240 had been erroneously charged by the bank as $420 F. Bank service charges for April amounted to $145 Instructions

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