At the end of April 2021, Showtime Theatre's accounting records show a cash balance of $4,800....

 

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At the end of April 2021, Showtime Theatre's accounting records show a cash balance of $4,800. The April bank statement reports a cash balance of $3,700. The following information is gathered from the bank statement and company records: Checks outstanding Deposits outstanding Interest earned Customer's NSF check Service fee $1,900 1,600 70 In addition, Showtime discovered it correctly paid for advertising with a check for $220 but incorrectly recorded the check in the company's records for $250. The bank correctly processed the check for $220. $1,300 200 Required: 1) Prepare a bank reconciliation for the month of April 2021. 2) Prepare entries to update the balance of cash in the company's records. At the end of April 2021, Showtime Theatre's accounting records show a cash balance of $4,800. The April bank statement reports a cash balance of $3,700. The following information is gathered from the bank statement and company records: Checks outstanding Deposits outstanding Interest earned Customer's NSF check Service fee $1,900 1,600 70 In addition, Showtime discovered it correctly paid for advertising with a check for $220 but incorrectly recorded the check in the company's records for $250. The bank correctly processed the check for $220. $1,300 200 Required: 1) Prepare a bank reconciliation for the month of April 2021. 2) Prepare entries to update the balance of cash in the company's records.