P5-12 (Algo) Preparing a Bank Reconciliation and Related Journal Entries LO5-5 The bookkeeper at Hopkins Company has
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P5-12 (Algo) Preparing a Bank Reconciliation and Related Journal Entries LO5-5 The bookkeeper at Hopkins Company has not reconciled the bank statement with the cash account, saying instead. "I don't have time. You have been asked to prepare a reconciliation and review the procedures with the bookkeeper The April 30, current year, bank statement and the April ledger accounts for cash showed the following (summarized) Balance, March 31, current year - bank Statement Deposits during April Notes collected for company (including $75 interest) Cheques cleared during April NSF cheque-A. B. Wright Bank service charges) Balance, April 30, current year. Mar 31 Balance Ape Deposits Cash in Bank 24,000 42,250 Apr. Cheques written Cheques Deposits Balance $32,000 $ 36,600 60,600 1,230 69,830 $45,000 165 24,830 24,665 25 24,590 24,590 41,600 Apr. 10 Balance Cash on Hand 150 A comparison of cheques written before and during April with the cheques cleared through the bank showed that cheques of $4.600 are still outstanding at April 30. No deposits in transit were carried over from March, but a deposit was in transit at April 30 P5-12 (Algo) Preparing a Bank Reconciliation and Related Journal Entries LO5-5 The bookkeeper at Hopkins Company has not reconciled the bank statement with the cash account, saying instead. "I don't have time. You have been asked to prepare a reconciliation and review the procedures with the bookkeeper The April 30, current year, bank statement and the April ledger accounts for cash showed the following (summarized) Balance, March 31, current year - bank Statement Deposits during April Notes collected for company (including $75 interest) Cheques cleared during April NSF cheque-A. B. Wright Bank service charges) Balance, April 30, current year. Mar 31 Balance Ape Deposits Cash in Bank 24,000 42,250 Apr. Cheques written Cheques Deposits Balance $32,000 $ 36,600 60,600 1,230 69,830 $45,000 165 24,830 24,665 25 24,590 24,590 41,600 Apr. 10 Balance Cash on Hand 150 A comparison of cheques written before and during April with the cheques cleared through the bank showed that cheques of $4.600 are still outstanding at April 30. No deposits in transit were carried over from March, but a deposit was in transit at April 30
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