Return to question 1 10 points The bookkeeper at Hopkins Company has not reconciled the bank statement with the cash account, saying instead, "I don't have time." You have been asked to prepare a reconciliation and review the procedures with the bookkeeper. The April 30, 2021, bank statement and the April ledger accounts for cash showed the following (summarized): Bank Statement Cheques Deposits Balance Balance, April 1, 2021 $31,400 Deposits during April $36,300 67,700 Notes collected for company (including $72 interest) 1,200 68,900 Cheques cleared during April NSF cheque-A. B. Wright 162 24,038 Bank service charges 72 23,966 Balance, April 30, 2021 23,966 544,700 24,200 Apr. 1 Balance Apr. Deposits Cash in Bank 23,700 Apr. Cheques written 41,800 41,300 Cash on Hand Apr. 30 Balance 120 A comparison of cheques written before and during April with the cheques cleared through the bank showed that cheques of $4,300 are still outstanding at April 30. No deposits in transit were carried over from March, but a deposit was in transit at April 30 Required: 1. Prepare a detailed bank reconciliation at April 30, 2021. Answer is not complete. HOPKINS COMPANY Bank Reconciliation, April 30, 2021 Bank Statement Company's Books Ending balance per cash account Additions: Additions: 0 0 0 Deductions: Deductions: 0 Ending correct cash balance $ 0 Ending correct cash balance s 0 2. Prepare any required journal entries as a result of the reconciliation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Transaction General Journal Debit Credit 3. What were the balances in the cash accounts in the ledger on May 1, 2021? Balance in cash in bank account Balance in cash on hand account 4. What total amount of cash should be reported on the statement of financial position at April 30, 2021? Statement of financial position (April 30, 2021): Current assets: Cash