The April 30 bank statement for KMaxx Company and the April ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other Balance Balance, April 1 $ 5,000 April 5 #101 $ 500 4,500 April 9 $ 1,500 6,000 April 12 #102 100 5,900
The April 30 bank statement for KMaxx Company and the April ledger account for cash are summarized here:
BANK STATEMENT
Checks Deposits Other Balance
Balance, April 1 $ 5,000
April 5 #101 $ 500 4,500
April 9 $ 1,500 6,000
April 12 #102 100 5,900
April 19 #103 150 5,750
April 22 #104 500 5,250
April 27 EFT payment $ 110 5,140
April 29 NSF check 70 5,070
April 30 Service charge 16 5,054
Cash (A)
April 1 Balance 5,000
April 8 1,500 500 April 2 #101
April 28 300 100 April 10 #102
150 April 15 #103
600 April 20 #104
120 April 29 #105
April 30 Balance 5,330
No outstanding checks and no deposits in transit were noted in March. However, there are deposits in transit and checks outstanding at the end of April. The EFT involved an automatic monthly payment to one of KMaxx’s creditors. Check #104 was written for $600. The NSF check had been received from a customer.
Required:
1. Prepare a bank reconciliation for April.
TIP: Put a check mark beside each item that appears on both the bank statement and what’s already been recorded in the accounting records (shown in the T-account). Items left unchecked will be used in the bank reconciliation.
Options under additions are bank errors, bank service charges, deposit in transit, eft payment, nsf checks and outstanding checks
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Question 8- Chapter 05 Post-Ch X +
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Chapter 05 Post-Chapter Assignment i
8.
Required information
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Pert 1 of 4
The April 30 bank statement for KMaxx Company and the April ledger account for cash are summarized here:
BANK STATEMENT
Checks
Deposits
Other
Balance
по
points
Balance, April 1
April 5
April 9
April 12
April 19
April 22
April 27
April 29
April 30
$5,000
4,500
6,000
5,900
5,750
5,250
5,140
5,070
5,054
#101
$500
$1,500
#102
100
#103
150
eВook
#104
500
EFT payment
NSF check
Service charge
$110
Print
70
References
16
Cash (A)
April 1 Balance
April 8
April 28
5,000
1,500
April 2
April 10 #102
April 15 #103
April 20 #104
April 29 #105
500
#101
300
100
150
600
120
April 30 Balance
5,330
No outstanding checks and no deposits in transit were noted in March. However, there are deposits in transit and checks
outstanding at the end of April. The EFT involved an automatic monthly payment to one of KMaxx's creditors. Check #104
was written for $600. The NSF check had been received from a customer.
Required:
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