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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
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): Balance, April 1, Current Year BANK STATEMENT Checks Deposits Balance $31,900 $37,800 69,700 1,330 71,030 $45,300 25,730 250 25,480 120 25,360 25,360 Deposits during April Interest collected Checks cleared during April NSF check-A. B. Wright Bank service charges Balance, April 30, Current Year Cash (A) Debit Credit April 1 Balance April Deposits 25,400 42,700 April Checks written 43,500 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 $4,700 (including $2.900 written before and $1,800 written during April). No deposits in transit were carried over from March, but a deposit was in transit at the end of April. P6-5 Part 4 4. What total amount of cash should be reported on the balance sheet at the end of April? Total amount of cash $ 25,730 X
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