On May 2, 20X1, HPF Vacations received its April bank statement from First City Bank and Trust. Enclosed with the bank statement,which appears below, was a debit memorandum for $160 that covered an NSF check issued by Doris Fisher, a credit customer. Thefirm's checkbook contained the following information about deposits made and checks issued during April. The balance ofthe Cash account and the checkbook on April 30, 20X1, was $3,972.DATETRANSACTIONSApril 1 Balance1 Check 12073 Check 12085 Deposit5 Check 1209$6,08910030035027510 Check 121017 Check 121119 Deposit2,0005015022 Check 121223 Deposit15026 Check 121320028 Check 12141830 Check 12151530 Deposit200 Account Number: 23-11070-08April 1-30, 20X1Activity Summary:Balance, April 1Deposits and creditsWithdrawals and debits$ 6,089.00650.00(3,100.00)$ 3,639.00Balance, April 30DATEDESCRIPTIONDEPOSITS/CREDITSWITHDRAWALS/DEBITSBALANCE4/1/X1 Opening balance4/6/X1 Deposit$6,089.00350.004/6/X1 Check No. 12074/10/X1 Check No. 12084/10/X1 Check No. 12094/13/X1 Check No. 12104/14/X1 Service fee4/20/X1 Deposit4/22/X1 Check No. 12116,439.006,339.006,039.005,764.003,764.003,758.00100.00300.00275.002,000.006.003,908.003,858.004,008.00150.0050.004/25/X1 Deposit4/26/X1 Check No. 12124/29/X1 Debit for NSF Check4/29/X1 Check No. 1213150.009.003,999.003,839.003,639.00160.00200.00Totals650.003,100.00Required:1. Prepare a bank reconciliation statement for the firm as of April 30, 20X1.2. Record general journal entries for any items on the bank reconciliation statement that must be journalized.

Given : NSF check = $ 160 Service fees = $ 6

On May 2, 20X1, HPF Vacations received its April bank statement from First City Bank and Trust. Enclosed with the bank statement, which appears below, was a debit memorandum for $160 that covered an NSF check issued by Doris Fisher, a credit customer. The firm's checkbook contained the following information about deposits made and checks issued during April. The balance of the Cash account and the checkbook on April 30, 20X1, was $3,972. DATE TRANSACTIONS April 1 Balance 1 Check 1207 3 Check 1208 5 Deposit 5 Check 1209 $6,089 100 300 350 275 10 Check 1210 17 Check 1211 19 Deposit 22 Check 1212 23 Deposit 26 Check 1213 28 Check 1214 30 Check 1215 30 Deposit 2,000 50 150 150 200 18 15 200

On May 2, 20X1, HPF Vacations received its April bank statement from First City Bank and Trust. Enclosed with the bank statement, which appears below, was a debit memorandum for $160 that covered an NSF check issued by Doris Fisher, a credit customer. The firm's checkbook contained the following information about deposits made and checks issued during April. The balance of the Cash account and the checkbook on April 30, 20X1, was $3,972. DATE TRANSACTIONS April 1 Balance 1 Check 1207 3 Check 1208 5 Deposit 5 Check 1209 $6,089 100 300 350 275 10 Check 1210 17 Check 1211 19 Deposit 22 Check 1212 23 Deposit 26 Check 1213 28 Check 1214 30 Check 1215 30 Deposit 2,000 50 150 150 200 18 15 200

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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