Problem 9.5A Preparing a bank reconciliation statement and journalizing entries to adjust the cash balance. LO 9-9, 9-10 On May 2, 2019, PHF 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 $210 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, 2019, was $3,012. DATE TRANSACTIONS April 1 Balance $6,099 1 Check 1207 110 3 Check 1208 400 5 Deposit 5 Check 1209 325 10 Check 1210 3,000 17 Check 1211 60 19 Deposit 200 22 Check 1212 8 23 Deposit 200 26 Check 1213 250 28 Check 1214 18 30 Check 1215 16 30 Deposit 250 FIRST CITY BANK AND TRUST 1-877-123-9876 PHF Vacations 1718 Jade Lane San Diego, CA 92111-4998 April 1-30, 2019 Account Number: 23-11070-08 Activity Summary: Balance, April 1 Deposits and credits Withdrawals and debits Balance, April 30 $ 6,099.00 850.00 (4,370.00) $ 2,579.00 DATE DESCRIPTION DEPOSITS/CREDITS WITHDRAWALS/DEBITS BALANCE 450.00 4/1/19 Opening balance 4/6/19 Deposit 4/6/19 Check No. 1207 4/10/19 Check No. 1208 4/10/19 Check No. 1209 4/13/19 Check No. 1210 4/14/19 Service fee 4/20/19 Deposit 4/22/19 Check No. 1211 4/25/19 Deposit 4/26/19 Check No. 1212 4/29/19 Debit for NSF Check 4/29/19 Check No. 1213 110.00 400.00 325.00 3,000.00 7.00 $6,099.00 6,549.00 6,439.00 6,039.00 5,714.00 2,714.00 2,707.00 2,907.00 2,847.00 3,047.00 3,039.00 2,829.00 2,579.00 200.00 60.00 200.00 8.00 210.00 250.00 Totals 850.00 4,370.00 Required: 1. Prepare a bank reconciliation statement for the firm as of April 30, 2019. 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? PME VACATIONS Bank Reconciliation Statement April 30, 2019 Balance on bank statement Additions: Deductions: Total deductions Adjusted bank balance Balance in books Deductions: Adjusted book balance Journal entry worksheet