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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
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, current year, bank statement and the April ledger accounts for cash showed the following (summarized): A comparison of cheques written before and during April with the cheques cleared through the bank showed that cheques of $5,200 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 for April. 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.) Journal entry worksheet Record note receivable plus interest collected. Note: Enter debits before credits. 3. What were the balances in the cash accounts in the ledger on April 30, current year? 4. What total amount of cash should be reported on the statement of financial position at April 30
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