The April cash records of Romano, Inc., follow:

Romano€™s Cash account shows the balance of $6,158 on April 30. On April 30, Romano, Inc., received the following bank statement:

Additional data for the bank reconciliation:
a. The EFT deposit was a receipt of rent revenue. The EFT debit was payment of insurance expense.
b. The NSF check was received from a customer.
c. The $1,700 bank collection was for a note receivable.
d. The correct amount of check 1419 is $211. Romano, Inc., mistakenly recorded the check for $121.
Requirement
1. Prepare Romano€™s bank reconciliation at April30.

Transcribed Image Text:

Cash Receipts (CR) Cash Debit Cash Payments (CP) Date Check No. Cash Credit $2,710 1416 1417 1418 1419 1420 1421 1422 Apr 4 760 14 17 30 890 355 2,035 121 960 225 2,245 Bank Statement for April Beginning Balance Deposits and other additions $ 4,020 Apr 1 S 635 EFT 2,710 10 15 18 30 890 355 6,845 Checks and other deductions Apr 8 S 452 NSF 15 (Check no. 1416) 19 22 (Check no. 1417) 29 (Check no. 1418) 30 (Check no. 1419) 30 335 EFT 760 211 40 SC 1,894 Ending Balance Explarations BC-bank colece EFT electroni funds transle NSF nonsulicient tunds check SC-cervice charge