The April 30 bank statement for KMaxx Company and the April ledger account for cash are summarized here: BANK STATEMENTChecks Deposits Other BalanceBalance, 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 #101April 28 300 100 April 10 #102150 April 15 #103600 April 20 #104120 April 29 #105April 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 9(221) WhatsAppQuestion 8- Chapter 05 Post-Ch X +ami ezto.mheducation.com/ext/map/index.html?_con=con&external_browser%3D0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%SavedChapter 05 Post-Chapter Assignment i8.Required information[The following information applies to the questions displayed below.]Pert 1 of 4The April 30 bank statement for KMaxx Company and the April ledger account for cash are summarized here:BANK STATEMENTChecksDepositsOtherBalanceпоpointsBalance, April 1April 5April 9April 12April 19April 22April 27April 29April 30$5,0004,5006,0005,9005,7505,2505,1405,0705,054#101$500$1,500#102100#103150eВook#104500EFT paymentNSF checkService charge$110Print70References16Cash (A)April 1 BalanceApril 8April 285,0001,500April 2April 10 #102April 15 #103April 20 #104April 29 #105500#101300100150600120April 30 Balance5,330No outstanding checks and no deposits in transit were noted in March. However, there are deposits in transit and checksoutstanding at the end of April. The EFT involved an automatic monthly payment to one of KMaxx's creditors. Check #104was written for $600. The NSF check had been received from a customer.Required:AcGrawlillSI< Prev8 9 10 11of 15Next >Type here to search29°C.06Up toUp to8.73BookCore fastern La Gen CPUsF1F2F3F4F5F6F7F8F9F10F11F12Pause2345&8.E RY(8)DI (221) WhatsAppO Question 8- Chapter 05 Post-Ch Xezto.mheducation.com/ext/map/index.html?_con%3Dcon&external_browser%30&launchUrl%=Dhttps%253A%252F%252Fnewconnect.mler 05 Post-Chapter AssignmentSavedCheck my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indic1. Prepare a bank reconciliation for April.TIP: Putcheck mark beside each item that appears on both the bank statement and what's already been recorded in the accountingrecords (shown in the T-account). Items left unchecked will be used in the bank reconciliation.X Answer is not complete.КМАХХ СОМPANYBank ReconciliationAt April 30Bank StatementCompany's BooksEnding Balance per BankStatementEnding Balance per CashAccountAdditions:S 5,054$ 5.330Additions:Deposit in Transit3003005,3545,330Deductions:Deductions:Outstanding Checks120NSF Check70Bank Service Charges16EFT Payment110120196Up-to-Date Cash Balance$ 5,234Up-to-Date Cash Balance$ 5,134%24< Prev8.1011of 15Next >ere to search29°C22Up to73VIvOBocfaster than Last Gen CPUSF2F3F4F5F6F7F8F9F1O...004.

Answered: The April 30 bank statement for KMaxx…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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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

9(221) WhatsApp
Question 8- Chapter 05 Post-Ch X +
am
i ezto.mheducation.com/ext/map/index.html?_con=con&external_browser%3D0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%
Saved
Chapter 05 Post-Chapter Assignment i
8.
Required information
[The following information applies to the questions displayed below.]
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:
Ac
Graw
lill
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< Prev
8 9 10 11
of 15
Next >
Type here to search
29°C
.06
Up to
Up to
8.
73
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Core fastern La Gen CPUs
F1
F2
F3
F4
F5
F6
F7
F8
F9
F10
F11
F12
Pause
2
3
4
5
&
8.
E R
Y
(8)
DI

(221) WhatsApp
O Question 8- Chapter 05 Post-Ch X
ezto.mheducation.com/ext/map/index.html?_con%3Dcon&external_browser%30&launchUrl%=Dhttps%253A%252F%252Fnewconnect.ml
er 05 Post-Chapter Assignment
Saved
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indic
1. Prepare a bank reconciliation for April.
TIP: Put
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.
X Answer is not complete.
КМАХХ СОМPANY
Bank Reconciliation
At April 30
Bank Statement
Company's Books
Ending Balance per Bank
Statement
Ending Balance per Cash
Account
Additions:
S 5,054
$ 5.330
Additions:
Deposit in Transit
300
300
5,354
5,330
Deductions:
Deductions:
Outstanding Checks
120
NSF Check
70
Bank Service Charges
16
EFT Payment
110
120
196
Up-to-Date Cash Balance
$ 5,234
Up-to-Date Cash Balance
$ 5,134
%24
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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