Instructions The cash account for Norwegian Medical Co, at April 30 indicated a balance of $91,408. The bank statement indicated a balance of $126,590 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling toms: a Checks outstanding totaled $33,700. b. A deposit of $18,900, representing receipts of April 30, had been made too late to appear on the bank statement c. The bank collected $22,042 on a $20,800 note, including interest of $1,442. d. A check for $1.600 returned with the statement had been incorrectly recorded by Norwegian Medical Co. as $160. The chock was for the payment of an obligation to Universal Supply Co. for a purchase on account, e. A check drawn for $680 had been erroneously charged by the bank as $860 1. Bank service charges for April amounted to $40. Required: 1. Prepare a bank reconciliation. Be sure to complete the staternent heating. 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 al amounts as positive numbers. 2. Journalize the necessary entries. The accounts have not been closed. Refer to the chart of accounts for the exact wording of the account ttles CNOW Journals do not use lines for journal explanations. Every ine on a journal page is used for debit or credit entries. CNOW foumals www automatically indent a credit entry when a credit amount is entered, 3. # a balance sheet is prepared for Norwegian Medical Co on Apww so, what amount should be reporters as cash? Amount Descriptions Labels April 30 For the Month Ended April 30 Amount Descriptions Bank error in charging check as $880 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 chocks Bank Rooniliation 1. Prepare a bank reconciliation. Be sure to complete the statement heading. Peter to the Libers and Amount Descriptions for the exact wording or dont entries. "Add." or "Deduct will automatically appear if it is required. Enter all amounts as positive numbers. Norwegian Medical Co. Bank Reconciliation (Label) 1 Cash balance according to bank statement 2 1 Adjusted balance 7 Cash balance according to company's records 9 10 11 Adjusted balance 2. Joumalize the necessary entries. The accounts have not been closed. Refer to the chart of accounts for the exact wording of the account billes. CNOW jou lines for journal explanations. Every line on a journal page is used for debitor credit entries. CNOW journals will automatically indenit a credit entry when a cred entered JOURNAL ACCOUNTING EQU DATE DESCRIPTION POST RER DEBIT CREDIT ASSETS 1 LABILE 1 4 5 16 Final Question 3. If a balance sheet is prepared for Norwegian Medical Co. on April 30, what amount should be reported as cash? $