Question

1 Approved Answer

Posted on Jul 18, 2024

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 $340 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. DATE TRANSACTIONS April 1 Balance $7.399 1 Check 1207 240 3 Check 1208 530 5 Deposit 580 5 Check 1209 390 10 Check 1210 4,300 17 Check 1211 125 19 Deposit 330 22 Check 1212 8 23 Deposit 330 26 Check 1213 380 28 Check 1214 17 30 Check 1215 16 30 Deposit 380 FIRST CITY BANK AND TRUST 1-877-123-9876 HPF Vacations 1718 Jade Lane San Diego, CA 92111.4998 Account Number: 23-11070-08 Activity Summary: Balance, April 1 Deposits and credits withdrawals and debits Balance, April 30 April 1-30, 2019 $ 7,399.00 1, 240.00 (6,320.00) $ 2,319.00 FIRST CITY BANK AND TRUST 1-877-123.9876 HPF Vacations 1718 Jade Lane San Diego, CA 92111.4998 Account Number: 23-11070-00 Activity Summary: Balance, April 1 Deposits and credits Withdrawals and debits Balance, April 30 April 1-30, 2019 $ 7,390.00 1,240.00 (6.320.00) $ 2.319.00 DEPOSITS/CREDITS 580.00 DATE DESCRIPTION 4/1/X1 Opening balance 4/6/x1 Deposit 4/6/X! Check No. 1207 4/10/X1 Check No. 1208 4/10/X1 Check No. 1209 4/13/X1 Check No. 1210 4/14/1 Service fee 4/20/X1 Deposit 4/22/X1 Check No. 1211 4/25/1 Deposit 4/26/X1 Check No. 1212 4/29/X1 Debit for NSF Check 4/29/X: Check No 1213 Totais WITHDRAKALS/DEBITS BALANCE $7,399.00 7.979.00 240.00 7.739.00 530.00 7.209.00 390,00 6,819.00 4,300.00 2,519.00 7.00 2,512.00 2.842.00 125.00 2.717.00 3,047.00 8.00 3,639.00 340.00 2,699.00 380.00 2,310.00 6,320.00 330.00 330.00 1. 240.00 Required: 1. Prepare a bank reconciliation statement for the firm as of April 30, 20X1. 2. Record general journal entries for any items on the bank reconciliation statement that must be journalized Required: 1. Prepare a bank reconciliation statement for the firm as of April 30, 20X1. 2. Record general journal entries 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. ces Bank Rec General Journal Analyze Prepare a bank reconciliation statement for the firm as of April 30, 20X1. HPF VACATIONS Bank Reconciliation Statement April 30, 20X1 Balance on bank statement Additions: Prepare a bank reconciliation statement for the firm as of April 30, 20X HPF VACATIONS Bank Reconciliation Statement April 30, 20X1 Balance on bank statement Additions: Deductions: Total deductions Adjusted bank balance Balance in books Deductions: Adjusted book balance Bank ROC Gen Bank Rec General Journal Analyze Record general journal entries for any items on the bank reconciliation st transaction/event, select "No Journal Entry Required" in the first account View transaction list 1 Record the deposit in transit. 2 Record the outstanding checks. 3 Record the returned check. 4 Record the bank service charge. Note: journal entry has been entered Record entry Clear entry Drey Required: 1. Prepare a bank reconciliation statement for the firm as of April 30, 20X1. 2. Record general journal entries 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. General Bank Rec Journal Analyze What checks remain outstanding after the bank statement has been reconciled? (Select the checks in ascending order.) Outstanding checks are totaling and