3. What was the beginning balance in the cash account in the ledger on May 1 , Current Year? 4. What total amount of cash should be reported on the balance sheet at the end of April? Required information [The following information applies to the questions displayed below.] The bookkeeper at Jefferson Company has not reconciled the bank statement with the Cash account, saying, I don't have time." You have been asked to prepare a reconciliation and review the procedures with the bookkeeper. The April 30, Current year, bank statement and the April ledger account for cash showed the following (summarized): A comparison of checks written before and during April with the checks cleared through the bank showed outstanding checks at the end of April of $5,600 (including $3,700 written before and $1,900 written during April). No deposits in transit were carried over from March, but a deposit was in transit at the end of April. 2. Prepare the journal entries that the company should make as a result of the bank reconciliation. 3. What was the beginning balance in the cash account in the ledger on May 1 , Current Year? 4. What total amount of cash should be reported on the balance sheet at the end of April? Required information [The following information applies to the questions displayed below.] The bookkeeper at Jefferson Company has not reconciled the bank statement with the Cash account, saying, I don't have time." You have been asked to prepare a reconciliation and review the procedures with the bookkeeper. The April 30, Current year, bank statement and the April ledger account for cash showed the following (summarized): A comparison of checks written before and during April with the checks cleared through the bank showed outstanding checks at the end of April of $5,600 (including $3,700 written before and $1,900 written during April). No deposits in transit were carried over from March, but a deposit was in transit at the end of April. 2. Prepare the journal entries that the company should make as a result of the bank reconciliation