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Accounting 4A Chapters 6 & 7 VI The following informati on is available to reconci e Litner Co.'s book balance of cash with its bank

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Accounting 4A Chapters 6 & 7 VI The following informati on is available to reconci e Litner Co.'s book balance of cash with its bank statement cash balance as of April 30. The April 30 cash balance according to the accounting records is s78,356, and the bank statement cash balance for that date is S83.525. Reconciling items: a. The bank erroneously cleared a s480 check against the account in April that was not issued by Litner. The check documentation included with the bank statement indicates the check was actually by Lightning b. On April 30, the bank issued a credit memorandum for ss3 interest earned on Litner's c. When the April checks are compared with entries in the accounting records. it is found that Check No. 1828 had been correctly drawn for S1.530 to pay for advertising but was erroneously entered in the account ng records as si.350 d. A credit memorandum indicates that the bank collected S10.000 cash on a note receivable for Litner, deducted a $30 collection fee, and credited the balance to the company's Cash account. Litner did not record this transaction before receiving the statement. e. A debit memorandum of$895 is enclosed with the bank statement for an NSF check for $87o received from a customer. The bank assessed a S25 fee for processing it f Litner's April 30 daily cash receipts of S5,102 were placed in the banks night depository on that date, but do not appear on the April 30 bank statement. g. Litner's April 30 cash disbursements journal indicates that Check No. 1837 for $584 and Check No. 1840 for $1.219 were both written and entered in the accounting records, but are not among the canceled checks. Required: 1. Prepare the bank reconciliation for this company as of April 30. 2. Prepare the journal entries necessary to bring the company's book balance of cash into conformity with the reconciled cash balance as of April 30. Bank Reconciliation April 30, 2016 Balance per Bank Balance per Books nciled balance

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