Esnk Reconcilistion and Entries The cash account for American Medical Co. at Aprii 30 indicated a balance of $12,325. The bank statement indicated a balance of $13,910 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconcling iterns: a. Checks outstanding totaled $5,010. b. A deposit of $5,220, representing receipts of April 30, had been made too late to appear on the bank statement. c. The bank collected $2,710 on a $2,570 note, including interest of $140. d. A check for $770 retumed with the statement had been incorrectly recorded by American Medical Co, as $700. The check was for the payment of an obligation to Targhee Supply Co, for a purchase on account. e. A check drawn for $90 had been erroneously charged by the bank as $900. f. Bank service charges for April amounted to $35. Required: 1. Preaarn a hank recanciliatine. 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 bex does not require an entry, leave it blank 3. If a balance sheet is prepared for American Medical Co. on April 30, what amount should be reported as cash