Instructions. The cash account for Norwegian Medical Co. at April 30 indicated a balance of $89,775. The bank statement indicated a balance of $125, 160 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 $31,540 b. A deposit of $18,000, representing receipts of April 30, had been made too late to appear on the bank statement. c. The bank collected $24,075 on a $22,500 note, including interest of $1,575 d A check for $1,700 returned with the statement had been incorrectly recorded by Norwegian Medical Co. as $170. The check was for the payment of an obligation to Universal Supply Co for a purchase on account e. A check drawn for $290 had been erroneously charged by the bank as $920. 1. Bank service charges for April amounted to $70. Required: 1. Prepare a bank reconciliation. Be sure to complete the statement needing Refer to the Labels and Amount Descriptions for the exact wording of text entries Add" or "Deduct will automatically appear if it is required. Enter all amounts as positive numbers 2 Journalize the necessery entries. The accounts have not been closed. Refer to the chart of accounts for the exact wording of the account titles CNOW journals do not use lines for journal explanations Every line on a journal page is used for debit or credit entries CNOW journals will automatically indent a credit entry when a credit amount is entered ance sheet (for Nonuenian Medical Co. on A001 10: what amount should be reported as cash? Bank Reconciliation 1 Cash balance according to bank statement 2 3. 4 5 Adjusted balance 6 7 Cash balance according to company's records 8 9 10 11 Adjusted balance Norwegian Medical Co. Bank Reconciliation (Label) Sha entered WIR BUcay indent & crebir entry when a creat All transactions on this page must be entered (except for post ref(s)) before you will receive Check My Work feedback. JOURNAL Score: 2/75 DATE DESCRIPTION POST REF CERIT CREDIT Apr. 30 ACCOUNTING EQUAT ASSETS LIABILITIES 3. If a balance sheet is prepared for Norwegian Medical Co. on April 30, what amount should be reported as cash? I Feedback Check My Work Points: The reconciled adjusted balance at the end of an accounting period should be what is reported for cash on the balance s