90.2K

Verified Solution

Link Copied!

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. Required: 1. Prepare a bank reconciliation statement for the firm as of April 30, 201. 2. Record general journal entries for any items on the bank reconciliation statement that must be journalized. Tepore a bank reconciliation statement for the fim as of April 30,201. tecord general joumal entries for any items on the bank reconciliabian statement that must be joumalized. (tt no entry is required for a ranataction/event, select "Wo Joumal Entry Riequired in the first account field.) Journal entry worksheet Record general foumal entries for any items on the bank reconciliation statement that must be joumaltzed. (II no entry is required for a ransaction/event, select "No Joumal Entry Required" in the first account feid.) Journal entry worksheet 4 Journal entry worksheet 1 Noted Phiter dehits beforv crealts. Journal entry worksheet Record the bank service charge. Notei Enter debits before credas. Analyze: What checks remain outstanding after the bank statement has been reconciled? Complete this question by entering your answers in the tabs below

Answer & Explanation Solved by verified expert

See Answer