The cash account for Remedy Medical Co. at April 30, 2014, indicated a balance of $18,885.

| September 29, 2018

PR 7-3A Bank reconciliation and entriesThe 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.Instructions1. 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?

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