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 the 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):

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 $5,600 (Including $3,700 written before and $1,900 written during April). No deposits in transit were carried over from march, but a deposit was in transit at the end of April.

Required:

1. Prepare a detailed bank reconciliation for April.
2. Give any required journal entries as a result of the reconciliation.

Deposits Balance BANK STATEMENT Checks Balance, April 1, current year Deposits during April Interest collected Checks cleared during April $43,000 NSF check-A. B. Wright 160 Bank service charges 50 Balance, April 30, current year $37,100 1,180 $31,000 68.100 69,280 26,280 26,120 26,070 26,070 Cash (A) Apr. Checks written 41,100 Apr. 1 Apr. Balance Deposits 23,500 41,500