Bank Reconciliation and Entries The cash account for Norwegian Medical Co. at April 30 indicated a balance of $11,525. The bank statement indicated a balance of $13,580 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: Checks outstanding totaled $4,890. A deposit of $5,090, representing receipts of April 30, had been made too late to appear on the bank statement. The bank collected $2,650 on a $2,510 note, including interest of $140. A check for $770 returned with the statement had been incorrectly recorded by Norwegian Medical Co. as $700. The check was for the payment of an obligation to Universal Supply Co. for a purchase on account. A check drawn for $30 had been erroneously charged by the bank as $300. Bank service charges for April amounted to $55