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): Balance, April 1, Current Year Deposits during April Interest collected Checks cleared during April NSF check-A. B. Wright Bank service charges Balance, April 30, Current Year BANK STATEMENT Checks Deposits Balance $31,700 $36,700 68,400 1,210 69,610 $45,900 23,710 340 220 23,370 23,150 23,150 Cash (A) Apr. 1 Balance Apr. Deposits 25,500 41,800 Apr. Checks written 42,900 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 $3,200 (including $1,920 written before and $1,280 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 3 3. What was the balance in the cash account in the ledger on May 1, Current Year? Cash balance