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The cash account for Remedy Medical Co. at April 30, 2014, indicated a balance of $18.885. The bank statement indicated a balance of $23, 775 on April 30, 2014. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: a. Checks outstanding totaled $7, 840. b. A deposit of $3, 580, representing receipts of April 30, had been made too late to appear on the bank statement. c. The bank collected $3, 780 on a note left for collection. The face of note was $3, 600. d. A check for $770 returned with the statement had been incorrectly recorded by Remedy Medical Co. as $700. The check was for the payment of an obligation to Copelin Co. for a purchase on account. e. A check drawn for $330 had been erroneously charged by the bank as $3, 300. f. Bank service charges for April amounted to $110. 1. Prepare a bank reconciliation. 2. Journalize the necessary entries. The accounts have not been closed 3. If a balance sheet were prepared for Remedy Medical Co. on April 30, 2014, what amount should be reported as cash? The cash account for Fit Bike Co. at August 1, 2014, indicated a balance of $12, 190 During August, the total cash deposited was $28, 100 and checks written totaled $33.010 The bank statement indicated a balance $12, 550 on August 31 Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items a. Checks outstanding totaled $7, 440 b. A deposit of $2, 880, representing receipts of August 31, and been made too late to appear on the bank statement. c. The bank had collected for Fit Bike Co. $2, 080 on a note left for collection. The face of the note was $2,000. d. A check for $580 returned with the statement had been incorrectly charged by the bank as $850 e. A check for $640 returned with the statement had been recorded $460. The check was for the payment of an obligation to Brown Co. on account. f. Bank service charges for August amounted to $20. g A check for $900 from Murdock Co. was returned by the bank due to insufficient funds. 1. Prepare a bank reconciliation as of August 31. 2. Journalize the necessary entries. The accounts have not been closed. 3. If a balance sheet were prepared for Fit Bike Co. on August 31, 2014, what a returned by the bank due to insufficient funds. should be reported as cash

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