Bank Seconciliation and Entries The cash account for American Medical Con April 30 indicated a balance of $11.940. The bank statement indicated balance of $13,680 on April 30. Comparing the back statement and the accompanying canceled checks and memos with the records revealed the following reconciling items a. Check outstanding totaled 54,920 t. A deposit of $5,130, representing receipts of April 30, had been made too late to appear on the bank statement c. The bank collected $2,670 on a $2,530 note, including interest of 5140 d. A check for $550 retured with the statement had been incorrectly recorded by American Medical Co, as $500. The check was for the payment of an obligation to Targhee Supply Co, for a purchase on account. e check drawn for $70 had been erroneously charged by the bank as $700. L. Bank service charges for April mounted to 540 Required: 13.00 1. Prepare a bank reconciliation American Medical Co. ilank Reconciliation April 30 Cash balance according to bankement Add deposit of April 30, not recorded by bank Add bankerror in charging check as $700 instead of $70 S130 DE 630 Adjusted balance Cash balance according to company's records