Bank Heconcitation and Entries The cash account for Norwegian Medical Co: at Apnit 30 indicated a balance of $9,100. The bank statemient inticated a balance of 510,530 on Apet 30 . Comparing the bank statement and the accompanying canceled checks and memos with the records revessed the following reconching iteems: a. Checks outstanding totaled 53,790 . b. A deposit of 53,950 , repeesenting receipts of Apri-30, had been made too late to appear on the bank statement. c. The bark collected $2,050 on a 51,950 note, including interest of $100. d. A check for $550 returned with the statement had been incorrectly recorded by Noewegan Medical Co. as 5500 . The check was for the payment of an obligation to Unerersal Supply Co. for a purchase on account. c. A check drawn for $40 had been erroneously charged by the bank as $400. f. Bank service charges for April amounted to 550 Required: 1. Prepare a bank reconciliation. Norwegian Medical Co. Bank Reconciliation April 30 Gash balance according to bank statement Add deposit of Apnil 30 , not recorded by bank Add bank error in charging check is 5400 instead of 540 Deduct outstanding checks Adjusted bolance Cash balance according to company's records Add note and interest collected by bank Deduct error in recording check. Deduct bank service charges Adjusted balance 2. Jocirnalize the necessary entries (o.) that iricrease cash and (b.) that decrease cosh. The accounts have not been ciosed. If an amotant box does not require an entry, leave it blank 3. If a balance aheet is prepared for Norweglan Medical Co, on April 30, what antoant sheuld be reported as cash