Bank Reconciliation and Entries The cash account for American Medical Co. at April 30 indicated a balance of $13,210. The bank statement indicated a balance of $15,220 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: a. Checks outstanding totaled $5,480. b. A deposit of $5,710, representing receipts of April 30, had been made too late to appear on the bank statement. C. The bank collected $2,970 on a $2,820 note, including interest of $150. d. A check for $770 returned with the statement had been incorrectly recorded by American Medical Co. as $700. The check was for the payment of an obligation to Targhee Supply Co. for a purchase on account. e. A check drawn for $70 had been erroneously charged by the bank as $700. f. Bank service charges for April amounted to $30