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Prepare any journal entries that should be made as a result of the bank reconciliation.TIP: Remember to make entries only for items that affect the

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Prepare any journal entries that should be made as a result of the bank reconciliation.TIP: Remember to make entries only for items that affect the companys books, not the bank. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

What should the balance in the Cash account be after recording the journal entries in part 2?

If the company also has $880 of petty cash on hand (recorded in a separate account), what total amount should the company report as Cash and Cash Equivalents on the April 30 balance sheet?

The April 30 bank statement for KMaxx Company and the April ledger account for cash are summarized here: BANK STATEMENT Deposits Checks Other #101 $580 $1,900 Balance, April 1 April 5 April 9 April 12 April 19 April 22 April 27 April 29 April 30 #102 #103 #104 140 350 700 Balance $5,400 4,820 6,720 6,580 6,230 5,530 $150 5,380 5,290 205,270 EFT payment NSF check Service charge April 1 Balance April 8 April 28 Cash (A) 5,400 1,900 380 580 140 350 800 200 April 2 #101 April 10 #102 April 15 #103 April 20 #104 April 29 #105 April 30 Balance 5,610 No outstanding checks and no deposits in transit were noted in March. However, there are deposits in transit and checks outstanding at the end of April. The EFT involved an automatic monthly payment to one of KMaxx's creditors. Check #104 was written for $800. The NSF check had been received from a customer. 1. Prepare a bank reconciliation for April. TIP: Put a check mark beside each item that appears on both the bank statement and what's already been recorded in the accounting records (shown in the T-account). Items left unchecked will be used in the bank reconciliation. KMAXX COMPANY Bank Reconciliation At April 30 Company's Books Ending Balance per Cash Account Additions: Bank Statement Ending Balance per Bank Statement Additions: Deductions: Deductions: Up-to-Date Cash Balance Up-to-Date Cash Balance

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