P$5-12($Algo$)$ Preparing a Bank Reconciliation and Related Journal Entries LO$5-5$

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$)$:

A comparison of cheques written before and during April with the cheques cleared through the bank showed that cheques of $\backslash (\backslash$$ $4,700\backslash )$ are still outstanding at April $30.$ No deposits in transit were carried over from March, but a deposit was in transit at April $30.$

Required:

$1.$ Prepare a detailed bank reconciliation for April.

Prepare any required journal entries as a result of the reconciliation. $($If no entry is required for a transaction$/$event$,$ select $"$No

journal entry required" in the first account field.$)$

Journal entry worksheet

Record note receivable plus interest collected.

Note: Enter debits before credits.

What were the balances in the cash accounts in the ledger on April $30,$ current year?

What total amount of cash should be reported on the statement of financial position at April $30?1.$ Prepare a detailed bank reconciliation for April. $2.$ Prepare any required journal entries as a result of the reconciliation. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)3.$ What were the balances in the cash accounts in the ledger on April $30,$ current year?