P5-12 (Algo) Preparing a Bank Reconciliation and Related Journal Entries LO5-5 The bookkeeper at Hopkins Company has not reconciled the bank statement with the cash account, saying instead 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 Cheques Deposits Balance Balance, March 31, current year $31, 200 Deposits during April $ 36, 200 67 , 400 Notes collected for company (including $71 interest) 1, 190 68, 590 Cheques cleared during April $44, 600 23, 990 NSF cheque-A. B. Wright 161 23, 829 Bank service charges 71 23, 758 Balance, April 30, current year 23, 758 Cash in Bank Mar. 31 Balance 23 , 600 Apr. Deposits 41, 650 Apr. Cheques written 41, 200 Cash on Hand Apr. 30 110 Balance 

 

Check my work A comparison of cheques written before and during April with the cheques cleared through the bank showed that cheques of $4,200 are still outstanding at April 30. No deposits in transit were carried over from March, but a deposit was in transit at April 30. Required: 1. Prepare a detailed bank reconciliation for April. HOPKINS COMPANY Bank Reconciliation, April 30, Current Year Company's Books Bank Statement Additions: Additions: O O Deductions: Deductions: O Ending correct cash balance 0 Ending correct cash balance 0

P5-12 (Algo) Preparing a Bank Reconciliation and Related Journal Entries LO5-5 The bookkeeper at Hopkins Company has not reconciled the bank statement with the cash account, saying instead. "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) Balance, March 31, current year - bank Statement Deposits during April Notes collected for company (including $75 interest) Cheques cleared during April NSF cheque-A. B. Wright Bank service charges) Balance, April 30, current year. Mar 31 Balance Ape Deposits Cash in Bank 24,000 42,250 Apr. Cheques written Cheques Deposits Balance $32,000 $ 36,600 60,600 1,230 69,830 $45,000 165 24,830 24,665 25 24,590 24,590 41,600 Apr. 10 Balance Cash on Hand 150 A comparison of cheques written before and during April with the cheques cleared through the bank showed that cheques of $4.600 are still outstanding at April 30. No deposits in transit were carried over from March, but a deposit was in transit at April 30