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2 The following information relate to cash transactions and cash balances of ABC Company for April: a. The cash received on April 30 amounted to
2 The following information relate to cash transactions and cash balances of ABC Company for April: a. The cash received on April 30 amounted to $1,800. It was left at the bank after banking hours at April 30 and therefore does not appear on the April bank statement. b. On April 30, the bank statement shows a closing balance of $9,345.67. c. Outstanding checks amount to $546. d. A debit memoranda included in the bank statement indicates a $180 check drawn by a customer marked "NSF". e. On April 30, ABC's books shows a cash balance of $10,455.67. f. The April bank statement includes a credit memoranda stating that a note receivable for $324 has been collected by the bank and the proceeds have been deposited to ABC's account. Instructions: a. Prepare bank reconciliation for ABC Company at April 30. b. Prepare journal entries to adjust the accounts of ABC Company at April 30
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