The April Current Year, bank statement and the April ledger account for cash showed the following summarized:
BANK STATEMENT
Checks Deposits Balance
Balance, April Current Year $
Deposits during April $
Interest collected
Checks cleared during April $
NSF checkA B Wright
Bank service charges
Balance, April Current Year
Cash A
Debit Credit
April Balance April Checks written
April Deposits
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. Prepare the journal entries that the company should make as a result of the bank reconciliation.
Record the entry for deposits during April.
Record the entry for checks cleared during April.
Record interest collected.
Record customer's check returned, insufficient funds.
Record the bank service charges deducted from bank statement.
