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Bank Reconciliation and Entries The cash account for Norwegian Medical Co.at April 30 indicated a balance of $10,820. The bank statement indicated a balance of

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Bank Reconciliation and Entries The cash account for Norwegian Medical Co.at April 30 indicated a balance of $10,820. The bank statement indicated a balance of $12.410 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 $4,470. b. A deposit of $4,650, representing receipts of April 30, had been made too late to appear on the bank statement C. The bank collected $2,420 on a $2,300 note, including interest of $120. d. A check for $880 returned with the statement had been incorrectly recorded by Norwegian Medical Co. as $800. The check was for the payment of an obligation to Universal Supply Co. for a purchase on account. e. A check drawn for $60 had been erroneously charged by the bank as $600. 1. Bank service charges for April amounted to $30. Required: 1. Prepare a bank reconciliation Norwegian Medical Co. Bank Reconciliation April 30 Cash balance according to bank statement Add deposit of April 30, not recorded by bank 12.10 43650 Add bankerror in charging check as 5600 Instead of 560 SED Deduct outstanding checks Adjusted balance Cash balance according to company records Cho My Wok more Check My Wortes com c.com/i/takeAssignment/takeAssignment MandoliivokerabatakeAssignment Sessionlocatorprogress lake ot eBook Show Me How Calculator Adjusted balance Cash balance according to company's records Add note and interest collected by bank Deduct error in recording check Deduct hank service charges Adjusted balance 2. Joumalize the necessary entries (a.) that increase cash and (b) that decrease cash. The accounts have not been dosed. If an amount bax does not require an entry, leave it blank. a: April 30 Cash Notes Receivable Interest Revente April 30 Accounts Payabile Universal Supply Co. Miscellaneous Exp Cash 3. If a balance sheet is prepared for Norwegian Medical Coon Art 30. what amount should be noted as Check My Wickmore Chao My Work teng do 3:06 PM 10/2/2020

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