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The bookkeeper at Jefferson Company has not reconciled 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 reconciled the bank statement with the Cash account, saying, "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 account for cash showed the following (summarized): Deposits BANK STATEMENT Checks Balance, April 1, Current Year Deposits during April Interest collected Checks cleared during April $46,500 NSF check-A. B. Wright 310 Bank service charges Balance, April 30, Current Year $36,400 1,250 Balance $32,800 69,200 70,450 23,950 23,640 23,480 23,480 160 Cash (A) 25,200 Apr. Checks written 42,900 Apr. 1 Balance Apr. Deposits 42,600 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 $3,700 (including $2,220 written before and $1,480 written during April). No deposits in transit were carried over from March, but a deposit was transit at the end of April. 4. What total amount of cash should be reported on the balance sheet at the end of April? Total amount of cash
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