P6-12 Preparing a Bank Reconciliation and Related Journal Entries LO6-7 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, 2018, bank statement and the April ledger accounts for cash showed the following (summarized): Bank Statement Cheques Deposits Balance $34,200 71,900 $37,700 1,340 Balance, April 1, 2018 Deposits during April Notes collected for company (including $86 interest) Cheques cleared during April NSF cheque-A. B. Wright Bank service charges Balance, April 30, 2018 $46,100 176 86 73,240 27,140 26,964 26,878 26,878 Cash in Bank Apr. 1 Apr. Apr. 42,700 Balance Deposits 25,100 43,900 Cheques written Cash on Hand Apr. 30 Balance 260 A comparison of cheques written before and during April with the cheques cleared through the bank showed that cheques of $5,700 are still outstanding at April 30. No deposits in transit were carried over from March, but a deposit was in transit at April 30. 3. What were the balances in the cash accounts in the ledger on May 1, 2018? Balance in cash in bank account Balance in cash on hand account What total amount of cash should be reported on the statement of financial position at April 30, 2018? Statement of financial position (April 30, 2018): Current assets: Cash