11 Part 1 of 4 1 a Required information CP5-2 (Algo) Preparing a Bank Reconciliation and Journal Entries and Reporting Cash [LO 5-4, LO 5-5] (The following information applies to the questions displayed below.) 10 points The April 30 bank statement for KMaxx Company and the April ledger account for cash are summarized here: BANK STATEMENT Deposits Checks Other #101 $ 820 eBook $ 3,200 Balance, April 1 April 5 April 9 April 12 April 19 April 22 April 27 April 29 April 30 #102 #103 #104 250 750 1,500 Balance $ 6,700 5,880 9,080 8,830 8,080 6,580 6,280 6,130 6,100 Print EFT payment NSF check Service charge $ 300 150 30 References Cash (A) Credit Debit Balance April 1 April 8 April 28 6,700 3,200 800 820 250 750 1,600 450 April 2 April 10 April 15 April 20 April 29 #101 #102 #103 #104 #105 April 30 Balance 6,830 No outstanding checks and no deposits in transit were noted in March. However, there are deposits in transit and checks outstanding at the end of April. The EFT involved an automatic monthly payment to one of KMaxx's creditors. Check #104 was correctly written for $1,600. The NSF check had been received from a customer. 2. Prepare any journal entries that should be made as a result of the bank reconciliation. TIP: Remember to make entries only for items that affect the company's books, not the bank. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list . X > A Record the electronic funds transfer of $300 made to a creditor. B Record the return of the customer check of $150 due to insufficient funds. Record the service charges of $30 deducted by the bank. Credit Note : = journal entry has been entered Record entry Clear entry View general journal Balance in Cash Account 4. If the company also has $1,100 of petty cash on hand (recorded in a separate account), what total amount should the company report as Cash and Cash Equivalents on the April 30 balance sheet? Total Amount of Cash and Cash Equivalents