Bank Recondiliation and Entries The cash account for American Medical Co. at April 30 indicated a balance of $8,975. The bank statement Indicated a balance of $10,040 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 $3,610. b. A deposit of $3,770, representing receipts of April 30, had been made too late to appear on the bank statement. c. The bank collected $1,960 on a $1,860 note, including interest of $100. d. A check for $770 retumed with the statement had been incorrectly recorded by American Medical Caas Sroo. The check nas nor the payment of an obligation to Targhee Supply Co. for a purchase on account. e. A check drawn for $70 had been erroneously charged by the bank as $700. f. Bank service charges for April amounted to $35. Required: 1. Prepareia bank reconcillation. American Medical Co. Bank Reconciliation April 30 Cash balance according to bank statement Adjusted balance Cash balance according to company's records Next Previous t for Grading Adjusted balance Cash balance according to company's records Adjusted balance 2 Journalize the necessary entries (a) that increase cash and (b) that decrease cash. The accounts have not been closed. For a compound transaction, if an amount box does not require an entry, leave it blank. a. April 30 b. April 30 n Medical Co. on April 30, what amount should be reported as cash? 3. If a balance sheet is prepared for America Next Previous for Grading All work saved. 1:13:32 2