The bookkeeper at Jefferson Company has not reconciled the bank statement with the Cash account, saying,...

 

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The bookkeeper at Jefferson Company has not reconciled the bank statement with the Cash account, saying, "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 account for cash showed the following (summarized): Balance, April 1, Current Year BANK STATEMENT Checks Deposits Balance $31,900 $37,800 69,700 1,330 71,030 $45,300 25,730 250 25,480 120 25,360 25,360 Deposits during April Interest collected Checks cleared during April NSF check-A. B. Wright Bank service charges Balance, April 30, Current Year Cash (A) Debit Credit April 1 Balance April Deposits 25,400 42,700 April Checks written 43,500 A comparison of checks written before and during April with the checks cleared through the bank showed outstanding checks at the end of April of $4,700 (including $2.900 written before and $1,800 written during April). No deposits in transit were carried over from March, but a deposit was in transit at the end of April. P6-5 Part 4 4. What total amount of cash should be reported on the balance sheet at the end of April? Total amount of cash $ 25,730 X The bookkeeper at Jefferson Company has not reconciled the bank statement with the Cash account, saying, "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 account for cash showed the following (summarized): Balance, April 1, Current Year BANK STATEMENT Checks Deposits Balance $31,900 $37,800 69,700 1,330 71,030 $45,300 25,730 250 25,480 120 25,360 25,360 Deposits during April Interest collected Checks cleared during April NSF check-A. B. Wright Bank service charges Balance, April 30, Current Year Cash (A) Debit Credit April 1 Balance April Deposits 25,400 42,700 April Checks written 43,500 A comparison of checks written before and during April with the checks cleared through the bank showed outstanding checks at the end of April of $4,700 (including $2.900 written before and $1,800 written during April). No deposits in transit were carried over from March, but a deposit was in transit at the end of April. P6-5 Part 4 4. What total amount of cash should be reported on the balance sheet at the end of April? Total amount of cash $ 25,730 X

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