Banl Reconciliation and Entries The cash account for Norwegian Medical Co. at April 30 indicated a balance of $14,110. The bank statement indicated a balance of $16,570 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 $5,970. b. A deposit of $6,210, representing receipts of April 30, had been made too late to appear on the bank statement. c. The bank collected $3,230 on a $3,070 note, including interest of $160. d. A check for $440 returned with the statement had been incorrectly recorded by Norwegian 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 $50 had been erroneously charged by the bank as $500. f. Bank service charges for April amounted to $40. Required: 1. Prepare a bank reconciliation. Norwegian Medical Co. Bank Reconciliation April 30 Cash balance according to bank statement $ Adjusted balance I DONTI O 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. If an amount box does not require an entry, leave it blank. a April 30 1. Prepare a bank reconciliation. Norwegian Medical Co. Bank Reconciliation April 30 Cash balance according to bank statement Add bank service charges Add deposit of April 30, not recorded by bank Add error in recording check da ciddi Add outstanding checks Add note and interest collected by bank 2. Journalize the necessary entries (a.) that increase cash and (b.) that decrease ca a. April 30 ULULLU. Bank Reconciliation April 30 Cash balance according to bank statement $ DI Add bank error in charging check as $500 instead of $50 Add error in recording check Add outstanding checks Add note and interest collected by bank Deduct bank service charges 2. Journalize the necessary entries (a.) that increase cash and (b) that decrease cash. The accounts have not been a. April 30 Adjusted balance Cash balance according to company's records Add bank error in charging check as $500 instead of $50 Add bank service charges N 2 Add deposit of April 30, not recorded by bank and (b Add error in recording check Add note and interest collected by bank b. April 30 April 30 Cash balance according to bank statement Deduct bank error in charging check as $500 instead of $50 Deduct bank service charges Deduct error in recording check Deduct outstanding checks 2 Deduct note and interst collected by bank d (b.) that decrease cash. The accounts have not been dosed. If an amount a. April 30 Deduct bank error in charging check as $500 instead of $50 2 Deduct deposit of April 30, not recorded by bank d (b.) that de Deduct error in recording check Deduct outstanding checks Deduct note and interst collected by bank Deduct bank error in charging check as $500 instead of $50 2 d (b.) the Deduct bank service charges Deduct deposit of April 30, not recorded by bank Deduct outstanding checks Deduct note and interst collected by bank 2. loumalize 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 6. April 30 3. If a balance sheet is prepared for Norwegian Medical Co. on April 30, what amount should be reported as cash