Bank Reconcliation and Entries The cash accouint for Norweglan Medical Co. at April 30 indicated a balance of $12,090. The bank staternent indicated a balance of $13,990 on April 30 , Comparing the bark statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: a. Checks outstanding totaled $5,040. b. A deposit of $5,250, representing receipts of April 30, had been made too late to appear on the banks statement. c. The bank collected $2,730 on a $2,590 note, including interest of $140. d. A check for $440 returned with the statement had been incorrectly recorded by Norweglan 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 $60 had been erroneously charged by the bank as $600. 1. Bank service charges for April amounted to $40. Requiredt 1. Prepare a bank recancilsation