The bookkeeper at Jefferson Company has not reconciled the bank statement with the Cash account, saying, I dont have time. You have been asked to prepare a reconciliation 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
	Checks				Deposits				Balance
Balance, April 1, 2014										$	32,300
Deposits during April						$	37,700				70,000
Interest collected							1,360				71,360
Checks cleared during April		$	46,200								25,160
NSF checkA. B. Wright			180								24,980
Bank service charges			210								24,770
Balance, April 30, 2014											24,770

Cash (A)

Apr. 1 Balance	25,200		Apr. Checks written	41,700
Apr. Deposits	42,100

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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 $2,600. No deposits in transit were carried over from March, but a deposit was in transit at the end of April.

JEFFERSON COMPANY Bank Reconciliation, April 30, 2014 Company's Books Bank Statement $ 24,770 Ending balance per cash account Additions $25,600 Ending balance per bank statement Additions: Interest collected 1,360 1,360 26,960 Deductions Deductions NSF-A. B. Wright 180 Outstanding checks 2,600 210 390 2,600 Correct cash balance Correct cash balance