PAlgo Preparing a Bank Reconciliation and Related Journal Entries LO
The following information applies to the questions displayed below.
The bookkeeper at Jefferson Company has not reconciled the bank statement with the Cash account, saying, "I don't
have time." You have been asked to prepare a reconciliation and review the procedures with the bookkeeper.
The April Current Year, bank statement and the April ledger account for cash showed the following summarized:
A comparison of checks written before and during April with the checks cleared through the bank showed outstanding
checks at the end of April of $including $ written before and $ written during April No deposits in
transit were carried over from March, but a deposit was in transit at the end of April.
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What was the beginning balance in the cash account in the ledger on May Current Year?