Required information [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 BANK STATEMENT Checks Deposits Balance $31,100 $36,200 67,300 1,300 68,600 $45,300 23,300 260 120 23,040 22,920 22,920 NSF check-A. B. Wright Bank service charges Balance, April 30, Current Year Cash (A) Apr. 1 Balance Apr. Deposits 24,700 Apr. Checks written 42,800 41,500 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 $2,600 (including $1,560 written before and $1,040 written during April). No deposits in transit were carried over from March, but a deposit was in transit at the end of April. Required information [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 BANK STATEMENT Checks Deposits Balance $31,100 $36,200 67,300 1,300 68,600 $45,300 23,300 260 23,040 120 22,920 22,920 Balance, April 30, Current Year Cash (A) Apr. 1 Balance Apr. Deposits 24,700 Apr. Checks written 42,800 41,500 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 $2,600 (including $1,560 written before and $1,040 written during April). No deposits in transit were carried over from March, but a deposit was in transit at the end of April. 3. What was the balance in the cash account in the ledger on May 1, Current Year? Cash balance