On May 2, 2013, Vacation Paradise received its April bank statement from First City Bank and Trust. Enclosed with the bank statement, which appears below, was a debit memorandum for $160 that covered an NSF check issued by Doris Fisher, a credit customer. The firm's checkbook contained the following information about deposits made and checks issued during April. The balance of the Cash account and the checkbook on April 30, 2013, was $3,972:

INSTRUCTIONS
1. Prepare a bank reconciliation statement for the firm as of April 30, 2013.
2. Record general journal entries for any items on the bank reconciliation statement that must be journalized. Date the entries April 30, 2013.
Analyze:
What checks remain outstanding after the bank statement has been reconciled?

Transcribed Image Text:

DATE TRANSACTIONS April Balce $6,089 1 Check 1207 3 Check 1208 300 5 Check 1209 2 22 Check 1212 26 Check 1213 30 Check 1215 200 FIRST CITY BANK AND TRUST Vacation Paradise 1718 Jade Lane San Diego, CA 92111-4998 Account Number: 23-11070-08 Period Ending April 30, 2013 CHECKS DEPOSITS DATE BALANCE Beginning Balance March 31 April 6 April 10 April 13 April 14 April 20 April 22 April 25 April 26 April 29 6,089.00 6,339.00 5,764.00 3,764.00 3,758.00 3,908.00 3,858.00 4,008.00 3,999.00 3,639.00 350.00+ 100.00- 275.00- 2,000.00- 300.00 6.00- SC 150.00+ 50.00- 150.00+ 9.00 200.00- 160.00- DM