The bookkeeper at jefferson company has

CF Unit3 P6-6 The bookkeeper at Jefferson Company has not reconciled the bank statement with the Cash account,


P6-6 Preparing a Bank Reconciliation and Related Journal Entries LO6-5


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 30, 2014, bank statement and the April ledger accounts for cash showed the following (summarized):



Checks Deposits Balance

  Balance, April 1, 2014  $31,000

  Deposits during April $37,100 68,100

Interest collected 1,180 69,280

  Checks cleared during April  $ 43,000 26,280

  NSF check—A. B. Wright 160 26,120

  Bank service charges 50 26,070

  Balance, April 30, 2014 26,070



Apr. 1   Balance 23,500     41,100  

  Apr.    Checks written   Apr.      Deposits 41,500



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 $5,600. No deposits in transit were carried over from March, but a deposit was in transit at the end of April.



1. Prepare a detailed bank reconciliation for April.

Possible input areas are shaded.


Bank Reconciliation

April 30, 2014

Company’s Books                                           Bank Statement

Ending balance per cash account                    Ending balance per bank statement


Additions:                                                       Additions:

Deductions:                                                     Deductions:

 Correct cash balance                                      Correct cash balance               $24,870



2 Prepare the journal entries that the company should make as a result of the bank reconciliation. (If no entry is required for a transaction/event, select “No journal entry required” in the first account field.)

Transaction      General Journal           Debit   Credit






3 What was the balance in the cash account in the ledger on May 1, 2014?

Cash balance


4 What total amount of cash should be reported on the balance sheet at the end of April?


Total amount of cash

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