On May 2, 2013, Vacation Paradise received its April bank statement from First City Bank and Trust. Enclosed with the bank statement, which appears below, was a debit memorandum for $160 that covered an NSF check issued by Doris Fisher, a credit customer. The firm’s checkbook contained the following information about deposits made and checks issued during April. The balance of the Cash account and the checkbook on April 30, 2013, was $3,972.
DATE | TRANSACTIONS |
|
April 1 | Balance | $6,089 |
1 | Check 1207 | 100 |
3 | Check 1208 | 300 |
5 | Deposit | 350 |
5 | Check 1209 | 275 |
10 | Check 1210 | 2,000 |
17 | Check 1211 | 50 |
19 | Deposit | 150 |
22 | Check 1212 | 9 |
23 | Deposit | 150 |
26 | Check 1213 | 200 |
28 | Check 1214 | 18 |
30 | Check 1215 | 15 |
30 | Deposit | 200 |
INSTRUCTIONS
1. Prepare a bank reconciliation statement for the firm as of April 30, 2013.
2. Record general journal entries for any items on the bank reconciliation statement that must be journalized. Date the entries April 30, 2013.
Analyze: What checks remain outstanding after the bank statement has been reconciled?
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