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Business, 31.07.2020 01:01 ghari112345

The April 30 bank statement for KMaxx Company and the April ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other Balance Balance, April 1 $ 5,900 April 5 #101 $ 680 5,220 April 9 $ 2,400 7,620 April 12 #102 190 7,430 April 19 #103 600 6,830 April 22 #104 950 5,880 April 27 EFT payment $ 200 5,680 April 29 NSF check 115 5,565 April 30 Service charge 25 5,540 Cash (A) April 1 Balance 5,900 April 8 2,400 680 April 2 #101 April 28 480 190 April 10 #102 600 April 15 #103 1,050 April 20 #104 300 April 29 #105 April 30 Balance 5,960 No outstanding checks and no deposits in transit were noted in March. However, there are 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 written for $1,050. The NSF check had been received from a customer. Required: 1. Prepare a bank reconciliation for April. TIP: Put a check mark beside each item that appears on both the bank statement and what’s already been recorded in the accounting records (shown in the T-account). Items left unchecked will be used in the bank reconciliation.

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The April 30 bank statement for KMaxx Company and the April ledger account for cash are summarized h...

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