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The bookkeeper at Jefferson Company has not reconciied the bank statement with the Cash account, saying. I don't have time. You have been asked to
The bookkeeper at Jefferson Company has not reconciied the bank statement with the Cash account, saying. "I don't have time." You have been asked to prepare a reconcilation and review the procedures with the bookkeeper. The April 30, 2014, bank statement and the April ledger accounts for cash showed the following (summarized: BANK STATEMENT Balance, April 1, 2014 Deposits during April Interest collected Checks cleared during Checks Deposits Balance 532,400 $36,900 69,300 127070,570 24,770 April NSF check-A. B 240 24,530 Wright Bank service charges Balance, April 30, 2014 80 24,450 24,450 Cash (A) Apr. Checks Apr.1 Balance 23,600 41,600 Apr. Deposits 42,700 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 $4,600. No deposits in trans t were carried over from March, but a deposit was in transit at the end of April. value: 10.00 points Required: 1. Prepare a detailed bank reconciliation for April. Bank 2014 s Books Bank Statement Ending balance per cash account Additions: Ending balance per bank statement Additions: Deductions Deductions t cash balance Correct cash balance
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