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7-122 Hard LO: 5 Lander Co. just received its bank statement for April. Their cash balance, according to the general ledger Cash account was
7-122 Hard LO: 5 Lander Co. just received its bank statement for April. Their cash balance, according to the general ledger Cash account was $17,375 on April 1 and $25,557 on April 30. There were three outstanding checks as of March 31: check nos. 510, 511, and 514. Assume all amounts shown on the bank statement are correct. April 30 Bank Statement Balance as of March 31.... 5 deposits and other credits. 11 checks and other debits... Service charge.... Balance as of April 30.. Deposits and other credits: Date Amount Description $21,250 27,745 23,117 42 25,836 4/3 $5,100 Deposit 4/10 6,800 Deposit 4/15 7,650 Deposit 4/26 4,675 Deposit 4/28 3,520 Credit memorandum Checks and other debits: Date Ck. No. Amount Date Ck. No. 4/10 510 $3,111 4/13 553 Amount $ 467 4/2 511 127 4/17 554 6,375 4/4 514* 637 4/21 555 552 4/5 550* 1,275 4/22 556 595 4/7 551 6,842 4/25 557 850 4/11 552 2,286 4/30 S.c. 42 * Indicates a break in check sequence S.C. = service charges Credit memorandum == $3,400 note collected for Lander Co. by the bank plus interest. Data from the company's Cash account and Cash Disbursements Journal revealed the following: Deposits: Checks written: Date Amount Date Ck. No. Amount Date Ck. No. Amount 4/3 $5,100 4/2 550 $1,275 4/15 555 $ 552 4/7 6,800 4/4 551 6,482 4/18 556 595 4/15 7,650 4/7 552 2,286 4/22 557 850 4/25 4,675 4/10 553 467 4/28 558 1,105 4/30 5,100 Prepare the April 30 bank reconciliation. 4/12 554 6,375 4/30 559 1,156
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