Question: 1,2,3,4

P6-12 Preparing a Bank Reconciliation and Related Journal Entries (AP6-12) GL06-6 excel 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): Page 358 Bank Statement Cheques Deposits Balance 31,000 67,100 36,100 1,180 68,280 Balance, April 1, 2021 Deposits during April Notes collected for company (including $70 interest) Cheques cleared during April NSF cheque-A. B. Wright Bank service charges Balance, April 30, 2021 44,500 23,780 160 23,620 70 23,550 23,550 Cash in Bank Cheques 23,500 Apr. written Apr. 1 Balance 41,100 Apr. Deposits 41,500 Cash on Hand Apr. 30 Balance 100 A comparison of cheques written before and during April with the cheques cleared through the bank showed that cheques of $4,100 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. 2. Prepare any required journal entries as a result of the reconciliation. Why are they necessary? 3. What were the balances in the cash accounts in the ledger on May 1, 2021? 4. What total amount of cash should be reported on the statement of financial position at April 30, 2021