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On May 2. 20X1, HPF Vacations received its April bank statement from First City Bank and Trust. Enclosed with the bank statement, which appears below,
On May 2. 20X1, HPF Vacations received its April bank statement from First City Bank and Trust. Enclosed with the bank statement, which appears below, was a debit memorandum for $390 that covered an NSF check issued by Doris Fisher, a credit customer. The firm's checkbook contained the following information about deposits made and checks issued during April. The balance of the Cash account and the checkbook on April 30, 20X1, was $3,013. Required: 1. Prepare a bank reconcillation statement for the firm as of April 30, 20X1. 2. Record general journal entrles for any items on the bank reconciliation statement that must be journalized. Analyze: What checks remain outstanding after the bank statement has been reconciled? Complete this question by entering your answers in the tabs below
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