Bank Reconciliation and Entries The cash account for Norwegian Medical Co. at April 30 indicated a balance of $12,280. The bank statement indicated a balance of $14,270 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 $5,140. b. A deposit of $5,350, representing receipts of April 30, had been made too late to appear on the bank statement. c. The bank collected $2,780 on a $2,640 note, including interest of $140. d. 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. e. A check drawn for $50 had been erroneously charged by the bank as $500. f. Bank service charges for April amounted to $60. Required: 1. Prepare a bank reconciliation. Norwegian Medical Co. Bank Reconciliation April 30 Cash balance according to bank statement DO 00000 00 Adjusted balance Cash balance according to company's records 2. Journalize the necessary entries (a.) that increase cash and (b.) that decrease cash. The accounts have not been closed. If an amount box does not require an entry, leave it blank. a. April 30 Adjusted balance b. April 30