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, 2018, bank statement and the April ledger accounts for cash showed the following (summarized): Bank Statement Cheques Deposits Balance $33,400 70,700 $37,300 1,300 Balance, April 1, 2018 Deposits during April Notes collected for company (including $82 interest) Cheques cleared during April NSF chequeA. B. Wright Bank service charges Balance, April 30, 2018 $45,700 172 82 72,000 26,300 26,128 26,046 26,046 Cash in Bank Apr. Apr. 1 Apr. 42,300 Balance Deposits 24,700 43,300 Cheques written Cash on Hand Apr. 30 Balance 220 A comparison of cheques written before and during April with the cheques cleared through the bank showed that cheques of $5,300 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, 2018. HOPKINS COMPANY Bank Reconciliation, April 30, 2018 Company's Books Bank Statement $ 26,046 Ending balance per bank statement Additions: Additions: Deposit in transit Deposit in transit 0 0 26,046 Deductions: Deductions: 0 Ending correct cash balance $ 0 Ending correct cash balance $ 26,046 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.) View transaction list Journal entry worksheet 1 2 3 > Record note receivable plus interest collected. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal View transaction list X: 1 Record note receivable plus interest collected. 2 Record customer's cheque returned due to insufficient funds. 3 Record service charges collected by the bank. 3. What were the balances in the cash accounts in the ledger on May 1, 2018? 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, 2018? Statement of financial position (April 30, 2018): Current assets: Cash