Bank Reconciliation and Entries The cash account for American Medical Co.at April 30 indicated a balance of $12,000. The bank statement indicated a balance of $24,040 on April 30. Compa bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: 2. Chades outstanding totaled $5,050. b. A deposit of $5,270, representing receipts of April 30, had been made too late to appear on the bank statement. c The bank collected $2. MO on a $2,600 note, including interest of $140. 1. A check for $880 retumed with the statement had been incorrectly recorded by American Medical Co. as $800. The check was for the payment of an obligatie Targhee Supply Co. for a purchase on account. A check drawn for $40 had been erroneously charged by the bank as $400. Bank wervice charges for April amounted to $40. Required: 1. Prepare a bank reconciliation American Medical Co. tank Reconciliation April 30 Cash balance according to bank statement Mod deposit of April 30. not recorded by bank Add bankerror in charging check 5400 Instead of $40 Det tanding checks 10000 te balance balance according to com's records And nocted by ban De bank in charging checks $400 instead of 140 charges buted to 2. Secretaria da decrease the accounts have not been closed. For a compound