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I need help with this question please P5-12 (Algo) Preparing a Bank Reconclilation and Related Journal Entries LO5.5 The bookkeeper at Hopkins Compary has not
I need help with this question please
P5-12 (Algo) Preparing a Bank Reconclilation and Related Journal Entries LO5.5 The bookkeeper at Hopkins Compary has not reconcled the bank statement with the cash account, saying inctead, 7 dont have vme- You have been asked to prepare a reconcliaton and review the procedures with the bookkoopec The Apri 30, current year, bank statement and the April ledger accounts for cach showed the following (Rummarized): A comparison of cheques witten botore and during April with the cheques cleared triough the bank showed that cheques of $4.800 are rtil outstanding at April 30 . No deposits in tranclt were camed over from March, but a deposit was in transit at Aprit 30. Required: 1. Prepare a detailed banicreconcilation for Aprtl. Required: 1. Prepare a detalled bank reconcillation for Aprti. 2. Prepare any required joumal entries as a result of the reconciliation, (if no entry is required for a transaction/everit, select "No ournat entry required" in the first account field) Journal entry worksheet Record note receivable plus interest collected. 3. What were the balances in the cash accounts in the ledger on April 30 , current year? 4. What total amount of cash should be reported on the statement of financial postion at Aprt 30 Step by Step Solution
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