BANK RECONCILIATION FOR THE PERIOD ENDED APRIL 30, 2019 $ Bank Statement: Cash balance on April 30, 2019 Bank Statement 9,094.00 A ADD: Collections f/b/o Arial Surf Shop Outstanding Checks: Ck No. 601 1,200.00 596.00 1,796.00 B 90.00 90.00 DEDUCT: Error on Check No. 571 $ 10,800.00 Reconciled Cash balance on April 30, 2019 General Ledger or Checkbook Register: Cash balance on April 30, 2019 per General Ledger $ 8,366.00 ADD: Customer NSF check Bank Service Charge Deposit in Transit 60.00 14.00 941.00 1,015.00 37.00 37.00 DEDUCT: Interest Revenue $ 9,344.00 Reconciled Cash balance on April 30, 2019 INSTRUCTIONS: The Bank Reconciliation above is very wrong. = At least the previous bookkeeper got these two values properly located on Bank Reconciliation! 1. Prepare a corrected Bank Reconciliation as of April 30, 2019. (CkFig: Reconciled Cash = $9,439) Note: Check No. 571 was written in the amount of $546, but recorded in accounting records as $456. 2. Draft necessary journal entries, Notes: Assume the $1,200 is collection of a past due account and includes a $50 late charge. (the late charge had not been previously recorded (i.e, not been accrued for)) Assume Check No.571(dated April 5) was written to the sole shareholder as a dividend. A. B