The cash receipts and the cash disbursements of Fuddruckers for April 19X4 appear as follows:

Assume that the Cash account of Fuddruckers shows the following information at April 30, 19X4:

Fuddruckers received the following bank statement on April 30, 19X4:

Additional data for the bank reconciliation include:

a. The EFT deposit was a receipt of monthly rent. The EFT debit was a monthly insurance payment.

b. The unauthorized signature check was received from S. M. Holt.

c. The \(\$ 1,368\) bank collection of a note receivable on April 22 included \(\$ 185\) interest revenue.

d. The correct amount of check number 3115 , a payment on account, is \(\$ 1,390\). (Fuddruckers's accountant mistakenly recorded the check for \(\$ 1,930\).)
\section*{Required}
1. Prepare the bank reconciliation of Fuddruckers at April 30, 19X4.
2. Record the entries based on the bank reconciliation. Include explanations.

Transcribed Image Text:

Cash Receipts (Posting reference is CR) Date Cash Debit Check No. Apr. 2 $ 4,174 3113 Cash Disbursements (Posting reference is CD) Cash Credit $ 891 8 407 3114 147 10 559 3115 1,930 16 2,187 3116 664 22 1,854 3117 1,472 29 1,060 3118 1,000 30 337 3119 632 Total $10,578 3120 1,675 3121 100 3122 2,413 Total $10,924