Bank Reconciliation and Entries

The cash account for Norwegian Medical Co. at April 30 indicated a balance of $14,035. The bank statement indicated a balance of $16,020 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items:

1. Checks outstanding totaled $5,770.
2. A deposit of $6,010, representing receipts of April 30, had been made too late to appear on the bank statement.
3. The bank collected $3,120 on a $2,960 note, including interest of $160.
4. A check for $550 returned with the statement had been incorrectly recorded by Norwegian Medical Co. as $500. The check was for the payment of an obligation to Universal Supply Co. for a purchase on account.
5. A check drawn for $90 had been erroneously charged by the bank as $900.
6. Bank service charges for April amounted to $35.

Required:

1. Prepare a bank reconciliation.

Norwegian Medical Co.
Bank Reconciliation
April 30
Cash balance according to bank statement		$fill in the blank 524be0f85f8406c_1
	$fill in the blank 524be0f85f8406c_3
	fill in the blank 524be0f85f8406c_5	fill in the blank 524be0f85f8406c_6
		fill in the blank 524be0f85f8406c_8
Adjusted balance		$fill in the blank 524be0f85f8406c_9
Cash balance according to company's records		$fill in the blank 524be0f85f8406c_10
		fill in the blank 524be0f85f8406c_12
	$fill in the blank 524be0f85f8406c_14
	fill in the blank 524be0f85f8406c_16	fill in the blank 524be0f85f8406c_17
Adjusted balance		$fill in the blank 524be0f85f8406c_18

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		fill in the blank 6eb54dfb3000fd4_2	fill in the blank 6eb54dfb3000fd4_3
		fill in the blank 6eb54dfb3000fd4_5	fill in the blank 6eb54dfb3000fd4_6
		fill in the blank 6eb54dfb3000fd4_8	fill in the blank 6eb54dfb3000fd4_9
b. April 30		fill in the blank 6eb54dfb3000fd4_11	fill in the blank 6eb54dfb3000fd4_12
		fill in the blank 6eb54dfb3000fd4_14	fill in the blank 6eb54dfb3000fd4_15
		fill in the blank 6eb54dfb3000fd4_17	fill in the blank 6eb54dfb3000fd4_18

3. If a balance sheet is prepared for Norwegian Medical Co. on April 30, what amount should be reported as cash? $fill in the blank 9f120dfc6fd9076_1