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On May 2, 20X1, HPF Vacations 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, 20X1, was $3,972. DATE TRANSACTIONS April 1 Balance 1 Check 1207 3 Check 1208 5 Deposit 5 Check 1209 $6,089 100 300 350 275 10 Check 1210 17 Check 1211 19 Deposit 22 Check 1212 23 Deposit 26 Check 1213 28 Check 1214 30 Check 1215 30 Deposit 2,000 50 150 150 200 18 15 200

On May 2, 20X1, HPF Vacations 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, 20X1, was $3,972. DATE TRANSACTIONS April 1 Balance 1 Check 1207 3 Check 1208 5 Deposit 5 Check 1209 $6,089 100 300 350 275 10 Check 1210 17 Check 1211 19 Deposit 22 Check 1212 23 Deposit 26 Check 1213 28 Check 1214 30 Check 1215 30 Deposit 2,000 50 150 150 200 18 15 200

Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
Section: Chapter Questions
Problem 2AP
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On May 2, 20X1, HPF Vacations 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, 20X1, was $3,972. DATE TRANSACTIONS April 1 Balance 1 Check 1207 3 Check 1208 5 Deposit 5 Check 1209 $6,089 100 300 350 275 10 Check 1210 17 Check 1211 19 Deposit 2,000 50 150 22 Check 1212 23 Deposit 150 26 Check 1213 200 28 Check 1214 18 30 Check 1215 15 30 Deposit 200
Transcribed Image Text:On May 2, 20X1, HPF Vacations 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, 20X1, was $3,972. DATE TRANSACTIONS April 1 Balance 1 Check 1207 3 Check 1208 5 Deposit 5 Check 1209 $6,089 100 300 350 275 10 Check 1210 17 Check 1211 19 Deposit 2,000 50 150 22 Check 1212 23 Deposit 150 26 Check 1213 200 28 Check 1214 18 30 Check 1215 15 30 Deposit 200
Account Number: 23-11070-08 April 1-30, 20X1 Activity Summary: Balance, April 1 Deposits and credits Withdrawals and debits $ 6,089.00 650.00 (3,100.00) $ 3,639.00 Balance, April 30 DATE DESCRIPTION DEPOSITS/CREDITS WITHDRAWALS/DEBITS BALANCE 4/1/X1 Opening balance 4/6/X1 Deposit $6,089.00 350.00 4/6/X1 Check No. 1207 4/10/X1 Check No. 1208 4/10/X1 Check No. 1209 4/13/X1 Check No. 1210 4/14/X1 Service fee 4/20/X1 Deposit 4/22/X1 Check No. 1211 6,439.00 6,339.00 6,039.00 5,764.00 3,764.00 3,758.00 100.00 300.00 275.00 2,000.00 6.00 3,908.00 3,858.00 4,008.00 150.00 50.00 4/25/X1 Deposit 4/26/X1 Check No. 1212 4/29/X1 Debit for NSF Check 4/29/X1 Check No. 1213 150.00 9.00 3,999.00 3,839.00 3,639.00 160.00 200.00 Totals 650.00 3,100.00 Required: 1. Prepare a bank reconciliation statement for the firm as of April 30, 20X1. 2. Record general journal entries for any items on the bank reconciliation statement that must be journalized.
Transcribed Image Text:Account Number: 23-11070-08 April 1-30, 20X1 Activity Summary: Balance, April 1 Deposits and credits Withdrawals and debits $ 6,089.00 650.00 (3,100.00) $ 3,639.00 Balance, April 30 DATE DESCRIPTION DEPOSITS/CREDITS WITHDRAWALS/DEBITS BALANCE 4/1/X1 Opening balance 4/6/X1 Deposit $6,089.00 350.00 4/6/X1 Check No. 1207 4/10/X1 Check No. 1208 4/10/X1 Check No. 1209 4/13/X1 Check No. 1210 4/14/X1 Service fee 4/20/X1 Deposit 4/22/X1 Check No. 1211 6,439.00 6,339.00 6,039.00 5,764.00 3,764.00 3,758.00 100.00 300.00 275.00 2,000.00 6.00 3,908.00 3,858.00 4,008.00 150.00 50.00 4/25/X1 Deposit 4/26/X1 Check No. 1212 4/29/X1 Debit for NSF Check 4/29/X1 Check No. 1213 150.00 9.00 3,999.00 3,839.00 3,639.00 160.00 200.00 Totals 650.00 3,100.00 Required: 1. Prepare a bank reconciliation statement for the firm as of April 30, 20X1. 2. Record general journal entries for any items on the bank reconciliation statement that must be journalized.
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