Bank Reconciliation and Entries The cash account for Norwegian Medical Co. at April 30 indicated a balance of $10,345. The bank statement indicated a balance of $12,200 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 $4,390. b. A deposit of $4,580, representing receipts of April 30, had been made too late to appear on the bank statement. c. The bank collected $2,380 on a $2,260 note, including interest of $120. d. A check for $440 returned with the statement had been incorrectly recorded by Norwegian Medical Co. as $400. The check was for the payment of an obligation to Universal Supply Co. for a purchase on account. e. A check drawn for $30 had been erroneously charged by the bank as $300. f. Bank service charges for April amounted to $25. Required: 1. Prepare a bank reconciliation. Norwegian Medical Co. Bank Reconciliation April 30 Cash balance according to bank statement Adjusted balance DO i cili i 10 Cash balance according to company's records Adjusted balance