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, 2021, bank statement and the April ledger accounts for cash showed the following (summarized): Bank Statement Balance, April 1, 2021 Deposits during April Notes collected for company (including $79 interest) Cheques cleared during April NSF cheque-A. B. Wright Bank service charges Balance, April 30, 2021 Cheques Deposits Balance $32,800 $ 37,000 69,800 1,270 71,070 $ 45,400 25,670 169 25,501 79 25,422 25,422 Cash in Bank 24,400 Apr. Cheques written 42,850 Apr. 1 Balance Apr. Deposits 42,000 Cash on Hand 190 Apr. 30 Balance A comparison of cheques written before and during April with the cheques cleared through the bank showed that cheques of $5,000 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 at April 30, 2021. HOPKINS COMPANY Bank Reconciliation, April 30, 2021 Bank Statement Company's Books Ending balance per bank statement Additions: 1 $ 25,422 Additions: 0 25,422 0 Deductions: Deductions: 0 Ending correct cash balance $ 25,422 Ending correct cash balance $ 0 2. Prepare any required journal entries as a result of the reconciliation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record note receivable plus interest collected. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Journal entry worksheet