On May 2, 2016, HPF Vacations received its April bank statement from First City Bank and Trust. Enclosed with the bank statement, which appears below, was a debit memorandum for $160 that covered an NSF check issued by Doris Fisher, a credit customer. The firm’s checkbook contained the following information about deposits made and checks issued during April. The balance of the Cash account and the checkbook on April 30, 2016, was $3,972:

1. Prepare a bank reconciliation statement for the firm as of April 30, 2016.
2. Record general journal entries for any items on the bank reconciliation statement that must be journalized. Date the entries April 30, 2016.
Analyze: What checks remain outstanding after the bank statement has beenreconciled?

  • CreatedAugust 08, 2014
  • Files Included
Post your question