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Required information [The following information applies to the questions displayed below] The April 30 bank statement for KMaxx Company and the April ledger account for
Required information [The following information applies to the questions displayed below] The April 30 bank statement for KMaxx Company and the April ledger account for cash are summarized here: BANK STATEMENT Deposits Checks Balance, April 1 April 5 #101 $ 920 April 9 April 12 $ 3,800 #102 April 19 #103 290 950 April 22 #104 1,900 April 27 April 29 April 30 Other Balance $ 7,300 6,380 10,180 9,890 8,948 7,040 EFT payment $ 380 6,660 NSF check 190 6,470 Service charge 34 6,436 Cash (A) Debit Credit April 1 Balance 7,300 April s 3,800 920 Apri #101 April 28 1,000 293 10 #102 950 #103 2,000 April 20 #104 570 April 29 #105 Apr11 30 Balance 2,370 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 Apr The EFT involved an automatic monthly payment to one of KMaxx's creditors. Check #104 was correctly written for $2.000 The NSF check had been received from a customer Required: 9 Prev 8 9 10 11 of 17 Next > Required: 1. Prepare a bank reconciliation for April. TIP: Put a check mark beside each item that appears on both the bank statement and what's already been recorded in the accounting records (shown in the T-account). Items left unchecked will be used in the bank reconciliation. Bank Statement Ending Balance per Bank Statement Additions: Deposit in Transit Deductions: Outstanding Checks Up-to-Date Cash Balance 9 Answer is not complete. KMAXX COMPANY Bank Reconciliation At April 30 0 0 Company's Books Ending Balance per Cash Account Additions: Deductions: EFT Payment NSF Check Bank Service Charges 0 0 Up-to-Date Cash Balance 600 0 0 Next > 0 0
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