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can someone show me how to find the ending balance per cash account and ending balance per bank statement? Thank you [The following information applies
can someone show me how to find the ending balance per cash account and ending balance per bank statement? Thank you
[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 accounts for cash showed the following (summarized): BANK STATEMENT Checks Deposits Balance, April 1, Current Year Deposits during Aprll Interest collected Checks cleared during April NSF check-A. B. Wright Bank service charges Balance, April 30, Current Year Balance $ 31,900 69,300 70,540 24,040 23,840 23,720 23,720 $37400 1,240 $46,500 200 120 Cash (A) Apr. 1 Balance Apr. Deposits 24,500 43,100 Apr. Checks written 42,200 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 $3,100 (including $1,860 written before and $1,240 written during April). No deposits in transit were carried over from March, but a deposit was in transit at the end of April. Required 1. Prepare a detailed bank reconciliation for April JEFFERSON COMPANY Bank Reconciliation, April 30, Current Year Company's Books Bank Statement Ending balance per cash account Ending balance per bank statement Additions Additions Interest collected 1,240 Deposits in transit 5,700 1,240 1,240 5,700 5,700 Interest collected Deductions: Deductions: 200 120 3,100 NSF-A. B. Wright Bank charges Bank charges Outstanding checks 320Outstanding checks 3,100 Correct cash balance Correct cash balanceStep by Step Solution
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