The bookkeeper at Hopkins Company has not reconciled the bank statement with the cash account, saying instead, I dont 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							$	34,600
Deposits during April				$	37,900			72,500
Notes collected for company (including $88 interest)					1,360			73,860
Cheques cleared during April	$	46,300						27,560
NSF chequeA. B. Wright		178						27,382
Bank service charges		88						27,294
Balance, April 30, 2021								27,294

Cash in Bank
Apr. 1 Balance	25,300	Apr. Cheques written	42,900
Apr. Deposits	44,200

Cash on Hand
Apr. 30 Balance	280

A comparison of cheques written before and during April with the cheques cleared through the bank showed that cheques of $5,900 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.

HOPKINS COMPANY

Bank Reconciliation, April 30, 2021

Company's Books			Bank Statement
Additions:			Additions:
		0
		0		0
Deductions:			Deductions:
		0
Ending correct cash balance		$0	Ending correct cash balance	$0

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

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

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