CHART OF ACCOUNTS Norwegian Medical Co. General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Petty Cash 610 Interest Revenue 120 Accounts Receivable 131 Notes Receivable EXPENSES 141 Merchandise Inventory 510 Cost of Merchandise Sold 515 Credit Card Expense 145 Office Supplies 148 Store Supplies 516 Cash Short and Over 151 Prepaid Insurance 181 Land 191 Office Equipment 192 Accumulated Depreciation Office Equipment 193 Store Equipment 194 Accumulated Depreciation-Store Equipment 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Insurance Expense 534 Office Supplies Expense 535 Rent Expense 538 Repairs Expense 537 Selling Expenses 538 Store Supplies Expense 561 Depreciation Expense-Office Equipment 562 Depreciation Expense-Store Equipment 590 Miscellaneous Expense 710 Interest Expense LIABILITIES 211 Accounts Payable-Universal Supply Co. 221 Notes Payable 222 Interest Payable 231 Salaries Payable 241 Sales Tax Payable EQUITY 310 Owner, Capital Labels April 30 For the Month Ended April 30 Amount Descriptions Bank error in charging check as $680 instead of $860 Bank error in charging check as $860 instead of $680 Bank service charges Check for $860 returned because of insufficient funds Deposit of April 30. not recorded by bank Error in recording check Error in recording deposit Note and interest collected by bank Outstanding checks 1. Prepare a bank reconciliation. Be sure to complete the statement heading Refer to the Labels and Amount Descriptions for the exact word Norwegian Medical Co Bank Reconciliation (Label) 1 Cash balance according to bank statement 2 3 5 Adjusted balance 7 Cash balance according to company's records 9 10 11 Adjusted balance OU 2 3. If a balance sheet is prepared for Norwegian Medical Co. on April 30, what amount should be reported as cash? 8 S CHART OF ACCOUNTS Norwegian Medical Co. General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Petty Cash 610 Interest Revenue 120 Accounts Receivable 131 Notes Receivable EXPENSES 141 Merchandise Inventory 510 Cost of Merchandise Sold 515 Credit Card Expense 145 Office Supplies 148 Store Supplies 516 Cash Short and Over 151 Prepaid Insurance 181 Land 191 Office Equipment 192 Accumulated Depreciation Office Equipment 193 Store Equipment 194 Accumulated Depreciation-Store Equipment 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Insurance Expense 534 Office Supplies Expense 535 Rent Expense 538 Repairs Expense 537 Selling Expenses 538 Store Supplies Expense 561 Depreciation Expense-Office Equipment 562 Depreciation Expense-Store Equipment 590 Miscellaneous Expense 710 Interest Expense LIABILITIES 211 Accounts Payable-Universal Supply Co. 221 Notes Payable 222 Interest Payable 231 Salaries Payable 241 Sales Tax Payable EQUITY 310 Owner, Capital Labels April 30 For the Month Ended April 30 Amount Descriptions Bank error in charging check as $680 instead of $860 Bank error in charging check as $860 instead of $680 Bank service charges Check for $860 returned because of insufficient funds Deposit of April 30. not recorded by bank Error in recording check Error in recording deposit Note and interest collected by bank Outstanding checks 1. Prepare a bank reconciliation. Be sure to complete the statement heading Refer to the Labels and Amount Descriptions for the exact word Norwegian Medical Co Bank Reconciliation (Label) 1 Cash balance according to bank statement 2 3 5 Adjusted balance 7 Cash balance according to company's records 9 10 11 Adjusted balance OU 2 3. If a balance sheet is prepared for Norwegian Medical Co. on April 30, what amount should be reported as cash? 8 S