Homework 0 Saved The April 30 bank statement for KMaxx Company and the April ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other Balance Balance, April 1 $5,600 April 5 #101 $620 4,980 April 9 $2,100 7,080 April 12 #102 160 6,920 April 19 #103 450 6,470 April 22 #104 800 5,670 April 27 EFT payment $170 5,500 April 29 NSF check 100 5,400 April 30 Service charge 22 5,378 Cash (A) April 1 Balance April 8 April 28 5,600 2.100 420 620 160 450 900 240 April 2 #101 April 10 #102 April 15 -103 April 20 #104 April 29 105 April 30 Balance 5,750 No outstanding checks and no deposits in transit were noted in March. However, there are deposits in transit and checks outstanding at the end of April. The EFT involved an automatic monthly payment to one of KMaxx's creditors. Check #104 was written for $900. The NSF check had been received from a customer. 2. Prepare any journal entries that should be made as a result of the bank reconciliation TIP: Remember to make entries only for items that affect the company's books, not the bank. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) O Required information A B Record the electronic funds transfer of $170 made to a creditor. Note: Enter debits before credits General Journal Debit Credit Transaction 1 ces Record entry Clear entry View general journal 7 Required information