what should be the balance in the cash account ...
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what should be the balance in the cash account
Required information CP5-2 (Algo) Preparing a Bank Reconciliation and Journal Entries and Reporting Cash [LO 5-4, LO 5-5] [The following information applies to the questions displayed below] The April 30 bank statement for KMaxx Company and the April ledger account for cash are summarized here: No outstanding checks and no deposits in transit were noted in March. However, there ate deposits in transit and checks outstanding at the end of April. The EFT involved an automatic monthly payment to one of KMaxx's creditors. Check $104 was correctly written for $900. The NSF check had been recelved from a customer. CP5-2 (Algo) Part 3 3. What should the balance in the Cash account be after the reconciliation journal entries are posted? Remember to make entries only for items that affect the company's books, not the bank. (If no entry is requirea ror o transaction/event, select "No Journal Entry Required" in the first account field.)
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