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.
P Part
Prepare the journal entries that the company should make as a result of the bank reconciliation.
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field.
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
