Question

Crabapple Catering has just received its April bank statement from Example Bank. You gather the following information to prepare the April 30, 2015, bank reconciliation.
APRIL BANK STATEMENT:
CASH ACCOUNT TRANSACTIONS FOR APRIL:
GL ACCOUNT: 1080 Bank Account
For the period of April 01/15 to April 30/15
BANK RECONCILIATION FOR PRECEDING MONTH (DATED MARCH 31):
Instructions
1. Prepare a bank reconciliation as at April 30, 2015. Assume that any errors in recording deposits or cheques were made by the bank. Deposits are made on Friday evenings.
2. Briefly explain how any errors were reflected in the bank reconciliation and how they should be corrected.
3. Journalize any necessary entries.
4. What should be the balance of the Cash Account as at April 30, 2015?


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  • CreatedSeptember 15, 2015
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