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Required information P6-5 (Algo) Preparing a Bank Reconciliation and Related Journal Entries L06-4 The following information applies to the questions displayed below.] The bookkeeper at
Required information P6-5 (Algo) Preparing a Bank Reconciliation and Related Journal Entries L06-4 The following information applies to the questions displayed below.] The bookkeeper at Jefferson Company has not reconciled the bank statement with the Cash account, saying. "I don't have time." You have been asked to prepare a reconciliation and review the procedures with the bookkeeper. The April 30, Current Year, bank statement and the April ledger account for cash showed the following (summarized): Deposits BANK STATEMENT Checks Balance, April 1, Current Year Deposits during April Interest collected Checks cleared during April $45,000 NSF check-A. B. Wright 200 Bank service charges 220 Balance, April 30, Current Year $37,800 1,310 Balance $31,900 69, 700 71,010 26,010 25,810 25,590 25,590 Cash (A) 24,900 Apr. Checks written 41,600 Apr. 1 Balance Apr. Deposits 41,300 A comparison of checks written before and during April with the checks cleared through the bank showed outstanding checks at the end of April of $3,300 (including $1,980 written before and $1,320 written during April). No deposits in transit were carried over from March, but a deposit was in transit at the end of April. ED Required information 2. Prepare the journal entries that the company should make as a result of the bank 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
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