1.

a.	The April 30 balance per the bank statement is $4,670.
b.	The unadjusted book balance on April 30 is $5,000.
c.	Deposits in transit amount to $6,000.
d.	There was an NSF check from one of Fielding's customers for $800.
e.	Outstanding checks total $4,500.
f.	Interest earned from the bank amounted to $25.
h.	Bank service charges amounted to $75.
i.	A collection on an interest-bearing note receivable by the bank on behalf of the company amounted to $1,800. Out of the $1,800 collected, $1,500 was principal, and $300 was for interest earned. The interest amount was not previously accrued.
j.	Fielding noticed that the bank incorrectly charged them $80 for its safety deposit box. The amount charged should have been $30.
k.	Fielding discovered that it recorded a $250 check by debiting Accounts Payable and crediting Cash for $520 instead of the actual amount of $250. (Note: The bank correctly recorded the check as $250).

After preparing the bank reconciliation for April, the adjusted book balance at April 30 should be?

2.

On September 1, 2021, Atkins Corp. sold inventory in exchange for a 2-year non-interest-bearing note having a face value of $26,000. The present value of this note has already been determined to be $20,727.

12% is a reasonable cost of borrowing for non-interest bearing notes of this nature. The notes face value is due to be paid back on September 1, 2023. Atkins Corp. has a calendar year-end, uses the effective interest method, and uses the periodic inventory system. Prepare journal entries for the dates 9/1/21, 12/31/21, 12/31/22, and 9/1/23.