The cash account for Norwegian Medical Co. at April 30 indicated a balance of $10,205. The bank statement indicated a balance of $11,910 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items:

1. Checks outstanding totaled $4,290.
2. A deposit of $4,470, representing receipts of April 30, had been made too late to appear on the bank statement.
3. The bank collected $2,320 on a $2,200 note, including interest of $120.
4. A check for $550 returned with the statement had been incorrectly recorded by Norwegian Medical Co. as $500. The check was for the payment of an obligation to Universal Supply Co. for a purchase on account.
5. A check drawn for $40 had been erroneously charged by the bank as $400.
6. Bank service charges for April amounted to $25.

Required:

1. Prepare a bank reconciliation.

Norwegian Medical Co.
Bank Reconciliation
April 30
Cash balance according to bank statement		$fill in the blank 85f0a209bfe3fb4_1
	$fill in the blank 85f0a209bfe3fb4_3
	fill in the blank 85f0a209bfe3fb4_5	fill in the blank 85f0a209bfe3fb4_6
		fill in the blank 85f0a209bfe3fb4_8
Adjusted balance		$fill in the blank 85f0a209bfe3fb4_9
Cash balance according to company's records		$fill in the blank 85f0a209bfe3fb4_10
		fill in the blank 85f0a209bfe3fb4_12
	$fill in the blank 85f0a209bfe3fb4_14
	fill in the blank 85f0a209bfe3fb4_16	fill in the blank 85f0a209bfe3fb4_17
Adjusted balance		$fill in the blank 85f0a209bfe3fb4_18

2. Journalize the necessary entries (a.) that increase cash and (b.) that decrease cash. The accounts have not been closed. If an amount box does not require an entry, leave it blank.

a. April 30		fill in the blank 366debfd0fb0fb5_2	fill in the blank 366debfd0fb0fb5_3
		fill in the blank 366debfd0fb0fb5_5	fill in the blank 366debfd0fb0fb5_6
		fill in the blank 366debfd0fb0fb5_8	fill in the blank 366debfd0fb0fb5_9
b. April 30		fill in the blank 366debfd0fb0fb5_11	fill in the blank 366debfd0fb0fb5_12
		fill in the blank 366debfd0fb0fb5_14	fill in the blank 366debfd0fb0fb5_15
		fill in the blank 366debfd0fb0fb5_17	fill in the blank 366debfd0fb0fb5_18

3. If a balance sheet is prepared for Norwegian Medical Co. on April 30, what amount should be reported as cash? $fill in the blank b254cef5c029fc2_1