Bank Reconciliation and Entries The cash account for American Medical Co. at April 30 indicated a balance of $9,430. The bank statement indicated a balance of $10,970 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 $3,950 b. A deposit of $4,11, representing receipts of April 30, had been made too late to appear on the bank statement C. The bank collected $2,140 0n a $2,030 note, including interest of $110. d. A check for $440 returned with the statement had been incorrectly recorded by Amecan Medical Co. as S400. The check was for the payment of an obligation to Targhee Supply Co. for the purchase on acoount. e. A check drawn for $40 had been erroneously charged by the bank as $400 f. Bank service charges for April amounted to $40 Required: 1. Prepare a bank reconciliation. American Medical Co. Bank Reconciliation April 30 Cash balance according to bank statement Adjusted balance Cash balance according to company's records