Required information P6-5 (Algo) Preparing a Bank Reconciliation and Related Journal Entries LO6-4 [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): BANK STATEMENT Checks Deposits Balance Balance, April 1, $32,300 Current Year Deposits during $37,400 69,700 April Interest collected 1,360 71,060 Checks cleared $44,900 26,160 during April NSF check-A. B. 360 25,800 Wright Bank service 200 charges 25,600 Balance, April 30, 25,600 Current Year Cash (A) Apr. 1 Balance 24,600 Apr. Checks written 43,000 Apr. Deposits 42,300 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 $5,800 (including $3,480 written before and $2,320 written during April). No deposits in transit were carried over from March, but a deposit was in transit at the end of April. P6-5 Part 1 Required: 1. Prepare a detailed bank reconciliation for April. JEFFERSON COMPANY Bank Reconciliation, April 30, Current Year Company's Books Bank Statement Ending balance per cash Ending balance per bank account Additions: statement Additions: Deductions: Deductions: Correct cash balance Correct cash balance