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 Checks Deposits Other #101 $600 $2,000 Balance, April 1 April 5 April 9 April 12 April 19 April 22 April 27 April 29 April 30 #102 #103 #104 150 400 750 Balance $5,500 4,900 6,900 6,750 6,350 5,600 5,440 5,345 5,324 EFT payment NSF check Service charge $160 95 21 April 1 Balance April 8 April 28 Cash (A) 5,500 2,000 400 600 150 400 850 220 April 2 #101 April 10 #102 April 15 #103 April 20 #104 April 29 #105 April 29 April 30 Balance 5,680 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 April. The EFT involved an automatic monthly payment to one of K Maxx's creditors. Check #104 was written for $850. The NSF check had been received from a customer. 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. KMAXX COMPANY Bank Reconciliation At April 30 Company's Books $ 5,324 Ending Balance per Cash Account Additions: Bank Statement Ending Balance per Bank Statement Additions: 5,324 Deductions: Deductions: Up-to-Date Cash Balance $ 5,324 | Up-to-Date Cash Balance $ 2. Prepare any journal entries that should be made as a result of the bank reconciliation. TIP: Remember to make entries only for items that affect the company's books, not the bank. (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 Bc Record the electronic funds transfer of $160 made to a creditor. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 3. What should the balance in the Cash account be after recording the journal entries in part 2? Balance in Cash Account 4. If the company also has $900 of petty cash on hand (recorded in a separate account), what total amount should the company report as Cash and Cash Equivalents on the April 30 balance sheet? Total Amount of Cash and Cash Equivalents