On May 2, 2016, PHF Vacations received its April bank statement from First City Bank and Trust.

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On May 2, 2016, PHF 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 $210 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 $3,012.
On May 2, 2016, PHF Vacations received its April bank

F I R S T C I T Y B A N K A N D T R U S T
PHF Vacations.......................................... 1-877-123-9876
1718 Jade Lane
San Diego, CA 92111-4998
Account Number: 23-11070-08........................April 1-30, 2016
Activity Summary:
Balance, April 1.................................................$ 6,099.00
Deposits and credits................................................ 850.00
Withdrawals and debits .......................................(4,370.00)
Balance, April 30................................................ $ 2,579.00

On May 2, 2016, PHF Vacations received its April bank

INSTRUCTIONS
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 been reconciled?

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College Accounting Chapters 1-30

ISBN: 978-0077862398

14th edition

Authors: John Price, M. David Haddock, Michael Farina

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