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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												$	6,000
April 5	#101	$	700										5,300
April 9					$	2,500							7,800
April 12	#102		200										7,600
April 19	#103		500										7,100
April 22	#104		1,000										6,100
April 27								EFT payment	$	200			5,900
April 29								NSF check		100			5,800
April 30								Service charge		25			5,775

Cash (A)

April 1	Balance	6,000
April 8		2,500		700	April 2 #101
April 28		500		200	April 10 #102
				500	April 15 #103
				1,100	April 20 #104
				300	April 29 #105
April 30	Balance	6,200

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 KMaxxs creditors. Check #104 was written for $1,100. The NSF check had been received from a customer.

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Prepare a bank reconciliation for April.

TIP: Put a check mark beside each item that appears on both the bank statement and whats already been recorded in the accounting records (shown in the T-account). Items left unchecked will be used in the bank reconciliation.

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Prepare any journal entries that should be made as a result of the bank reconciliation.

TIP: Remember to make entries only for items that affect the companys books, not the bank. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Record the electronic funds transfer of $200 made to a creditor. Record the return of the customer check of $100 due to insufficient funds. Record the service charges of $25 deducted by the bank.

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What should the balance in the Cash account be after recording the journal entries in part 2?

$_______

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If the company also has $1,000 of petty cash on hand (recorded in a separate account), what total amount should the company report as Cash and Cash Equivalents on the April 30 balance sheet?

$ __________

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