Bank Reconcilition and Entries The cash account for Norwegian Medical Co, at Aptil 30 indicated a balance of $11,540. The bank statement indicated a balance of $13,290 on April 30 . Camparing the baik statement and the accompanying canceled checks and memos with the records reveaied the following reconciling items: a. Checks outstanding totaled $4,780. b. A deposit of $4,980, representing recelpts of April 30, had been made too late to appear on the bank statement. c. The bank colected $2,590 on a $2,460 note, including interest of $130. d. A check for $550 returned with the statement had been incorrectly recorded by Norwegtan Medical Co. as $500. 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 $50