COS The cash account for Norwegian Medical Co at April 30 indicated a balance of $403 784 The bank statement indicated a balance of $468,460 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 $73,870 b Adeposit of $51,230, representing receipts of April 30, had been made too late to appear on the bank statement The bank collected $50,830 on a $48,220 note, including interest of 2.410 d. A check for $9,160 returned with the statement had been incorrectly recorded by Norwegian Medical Co as $916. The check was for the payment of an obligation to Universal Supply Co for a purchase on account c. A check drawn for $580 had been erroneously charged by the bank as $860 Bank service charges for April amounted to $170 Required: 1. Prepare a bank reconciliation. Be sure to complete the statement heading Refer to the Labels and Amount Descriptions for the exact wording of text entries "Add" or "Deduct" will automatically appear it is required Enter all amounts as positive numbers 2 Joumalize the necessary entries. The accounts have not been okused Refer to the chart of accounts for the exact wording of the account titles CNOWjou do not use lines for journal explanations Every line on a journal page is used for debitor credit entries CHOW poumat will automatically indent a credit entry when a credit amount is entered a la balance sheet is prepared for Norwegian Medical Co on Apnt so what amount should be reported as cash