The cash acoount for Norwegian Medical Co, at April 30 indicated a balance of $84,457. The bank statement indicated a balance of $127,190 on April 30 . Comparing the bank statement and the acoompanying canceled checks and memos with the records revealed the following reconciling items: a. Checks outstanding totaled $33,310. b. A deposit of \$17,610, representing receipts of April 30, had been made too late to appear on the bank statement. c. The bank collected $28,248 on a $26,400 nole, including interest of $1,848. d. A check for $1,100 returned with the statement had been incorrectly recorded by Norwegian Medical Co. as $110. The check was for the payment of an obligation to Universal Supply Co. for a purchase on account. e. A check drawn for $880 had been erroneously charged by the bank as $86. 4. Bank service charges for April amounted to $45. Required: 1. Prepare a bank reconciliation. Be sure to complete the statement heading. Peter to the Labels and Amount Descriptions for the exaict wording of text entries. "Add:" or "Deduct;" wW automaficaly appear if it is required. Enter all amounts as positive numbers. 2. Joumalize the necessary entries. The accounts have not been closed. Refor to the chart of accounts for the exact wording of the account titios. CNOW joumals do not use lines for journal explanations. Every line on a joumal page is used for debit or credit entries. CNOW joumals will automatically indent a credit entry when a credit amount is entered. 3. If a balance shoot is preparod for Norwogian Modical Co. on April 30, what amount should be reportod as cash? Chart of Accounts ASSETS REVENUE 110 Cash 410 Sales 111 Petty Cash 610 Interest Revenue 120 Accounts Recelvable 131 Notes Receivable EXPENSES 141 Merchandise Inventory 510 Cost of Merchandise Sold 145 Office Supplies 515 Credit Card Expense 146 Store Supplies 516 Cash Short and Over 151 Prepaid Insurance 520 Salaries Expense 181 Land 531 Advertising Expense 191 Office Equipment 532 Delivery Expense 192 Accumulated Depreciation-Office Equipment 533 Insurance Expense 193 Store Equipment 534 Office Supplies Expense 194 Accumulated Depreciation-Store Equipment 535 Rent Expense 536 Repairs Expense Chart of Accounts 151PrepaidInsurance181Land191OfficeEquipment192AccumulatedDepreciation-OfficeEquipment193StoreEquipment194AccumulatedDepreciation-StoreEquipmentLlAbILITIES211AccountsPayable-UniversalSupplyCo.221NotesPayable222InterestPayable231SalariesPayable241SalesTaxPayable520SalariesExpense531AdvertisingExpense532DeliveryExpense533InsuranceExpense534OlficeSuppliesExpense535RentExpense536RepairsExpense537SellingExpenses538StoreSuppliesExpense561DepreciationExpense-OfficeEquipment562DepreciationExpense-StoreEquipment590MiscellaneousExpense710InterestExpense EQUITY 310 Owner, Capital 311 Owner, Drawing Labels and Amount Descriptions 2. Joumalize the necessary entries. The accounts have not been closed. Aefer to the chart of accounts for the exact warding of the account tides. CNOW joumals do not use Ghes fo joumal explanadions. Every line on a joumal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Bank Reconciliation Norwegian Medical Co. Bank Feconcilation (Label) 1 Cash balance according to bank statement 1 3 5 Adjusted balance 7 Cash balance according to company's records 1 10 11 Adjusted balance 3. If a balance sheet is prepared for Norwegian Medical Co. on April 30, what amount should be reported as cash