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The following information is available for Dodge Co. as of April 30, 2013: a. Cash on the books as of April 30 amounted to exist114,

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The following information is available for Dodge Co. as of April 30, 2013: a. Cash on the books as of April 30 amounted to exist114, 095.28. Cash on the bank statement for the same date was exist142, 240.08. b. A deposit of exist14, 249.84, representing cash receipts of April 30, did not appear on the bank statement. c. Outstanding checks totaled exist7, 293.64. d. A check for exist2, 420.00 returned with the statement was recorded as exist2, 504.00. The check was for advertising. e. The bank service charge for April amounted to exist26.00. f. The bank collected exist36,000.00 for Rosemary Corporation on a note. The face value of the note was exist35, 400.00 g. An NSF check for exist1, 140.00 from a customer, Chad Altier, was returned with the statement. h. The bank mistakenly deducted a check for exist800.00 that was drawn by Fox Corporation. i. The bank reported a credit of exist460.00 for interest on the average balance. h. The bank mistakenly credited a check for exist523.00 that belonged to MZ Corporation. 1. Prepare a bank reconciliation for Dodge Co. as of April 30, 20xx. 2. Prepare the necessary entries in journal form from the reconciliation. 3. State the amount of cash that should appear on Dodge's balance sheet as of April 30. 4. User Insight Why is a bank reconciliation a necessary internal control? over cash

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