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The Cash in Bank account balance on April 30 was $14,131. In reviewing checks returned by the bank, the accountant discovered that check No, 81

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The Cash in Bank account balance on April 30 was $14,131. In reviewing checks returned by the bank, the accountant discovered that check No, 81 written for $541 for dellivery expense, was recorded in the cash disbursements journal as $451. The NSF check for $640 was that of customer R. Koppa, deposited in April. Interest for April added to the account by the bank was $95. Required a. Prepare a bank reconciliation for Adam Company at April 30. b. Prepare the necessary journal entries to bring the Cash in Bank account into agreement with the reconciled cash balance on the bank. reconciliation Bank Reconciliation The bank reconciliation made by Adam Company, a sole proprietorship, on March 31 showed: The following bank statement is available for April 30. A list of deposits made and checks written during April is shown below: The Cash in Bank account balance on April 30 was $14,131. In reviewing checks returned by the bank, the accountant discovered that check No. 81 written for $541 for delivery expense, was recorded in the cash disbursements journal as $451. The NSF check for $640 was that of customer R. Koppa, deposited in April. Interest for April added to the account by the bank was $95. Required a. Prepare a bank reconciliation for Adam Company at April 30. b. Prepare the necessary journal entries to bring the Cash in Bank account into agreement with the reconciled cash balance on the bank reconciliation

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