Similarly, record the following as well

Record the entry for checks cleared during April

Record interest collected.

Record customer's check returned, insufficient funds.

Record the bank service charges deducted from bank statement.

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): BANK STATEMENT Checks Deposits Balance $31,700 Balance, April 1, Current Year Deposits during April Interest collected $37,700 69,400 1,290 70,690 24,390 $46,300 Checks cleared during April NSF check-A. B. Wright Bank service charges Balance, April 30, Current Year 280 24,110 150 23,960 23,960 Cash (A) Balance 41,600 Apr. 1 Apr. Deposits 23,700 42,000 Apr. Checks written 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 $3,300 (including $1,980 written before and $1,320 written during April). No deposits in transit were carried over from March, but a deposit was in transit at the end of April. Required: 1. Prepare a detailed bank reconciliation for April JEFFERSON COMPANY Bank Reconciliation, April 30, Current Year Company's Books Bank Statement Ending balance per cash account Ending balance per bank statement Additions: Additions: Deductions: Deductions: 0 0 Correct cash balance Correct cash balance 2. Prepare the journal entries that the company should make as a result of the bank reconciliation. (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 4 1 Record the entry for deposits during April. Note: Enter debits before credits. General Journal Transaction Debit Credit A View general journal Record entry Clear entry 3. What was the balance in the cash account in the ledger on May 1, Current Year? Cash balance 4. What total amount of cash should be reported on the balance sheet at the end of April? Total amount of cash