3. If a balance sheet is prepared for Norwegian Medical Co. on April 30, what amount should be reported as cash? Instructions Bank Reconciliation 2 3 4 5 Adjusted balance 6 7 Cash balance according to company's records 8 9 10 11 Adjusted balance April 30 For the Month Ended April 30 Amount Descriptions Bank error in charging check as $290 instead of $920 Bank error in charging check as $920 instead of $290 Bank service charges Check for $920 returned because of insufficient funds Deposit of April 30, not recorded by bank Error in recording check Error in recording deposit Note and interest collected by bank Outstanding checks 1. Prepare a bank reconciliation. Be sure to complete the statement heading. Refer to the Labels and Amount Descriptions for the exact wording of text entries. "Add." or "Deduct." will automatically appear if it is required. Enter all amounts as positive numbers. The cash account for Norwegian Medical Co. at April 30 indicated a balance of $89,775. The bank statement indicated a balance of $125,160 on Apri 30 . Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling kems. a. Checks outstanding totaled $31,540. b. A deposit of $18000, representing receipts of April 30 , had been made too late to appear on the bank statement. c. The bark collected \$24,075 on a \$22,500 note, including irterest of \$1,575. d. A check for $1,700 retumed with the statement had been incorrectly recorded by Viorwegian Medical C0 as $170. The check was for the payment of an obligation to Universal Supply Co. for a purchase on accourt e. Acheck drawn for $290 had been erroneously charged by the barik as 5920 : 1. Bank service charges for April amounted to $70