Bank Reconciliation and Eritries The cash account for American Medical Co, at April 30 indicated a balance of $10.995. The bank statement indicated balance of $12,730 on April 10. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items! a Checks outstanding totaled $4.580 b. A deposit of $4,770, representing receipts of April 30, had been made too late to appear on the bank statement The bank collected $2,480 on $2.360 note, including interest of $120. d. A check for $550 returned with the statement had been incorrectly recorded by American Medical Co. as $500. The check was for the payment of an obligation to Targhee Supply Ca for the purchase on account. . A check drawn for $50 had been erroneously charged by the bank as $500. I Bank strvice charges for April amounted to $55 Required: 1. Prepare a bank reconciliation American Medical Co. Rank Reconciliation April 30 Cash balance according to bank statement Adjusted balance Cash balance according to company's records DODO Adjusted balance Cash balance according to company's records Adjusted balance 2. Journakze the necessary entries (a.) that increase cash and (6.) that decrease cash. The accounts have not been closed. For a compound transaction, it an amount box does not require an entry leave it back April 30 IDI UJI b. April 30 a. Il a balance sheet were prepared for American Medical Co. on April 30, what amount should be reported as a