Required 1 Prepare a bank reconciliation for April TIP Put a check mark beside each item that appears on both the bank statement and whats already been recorded in the accounting records (shown in the T account) Items left unchecked will be used in the bank reconciliation 2 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 $940 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 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 KMaxxs creditors Check 104 was written for $950 The NSF check had been received from a customer

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Required: 1. Prepare a bank reconciliation for April. TIP: Put a check mark beside each item that appears on both the bank statement and whats

Required:

Prepare a bank reconciliation for April.

TIP: Put a check mark beside each item that appears on both the bank statement and whats already been recorded in the accounting records (shown in the T-account). Items left unchecked will be used in the bank reconciliation.

2.	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 $940 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?

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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 KMaxxs creditors. Check #104 was written for $950. The NSF check had been received from a customer.