Raymond Corporation received the following bank statement for the month of October 2009:

The Cash in Bank account of Raymond Corporation provides the following information:

The items on the bank statement are correct. The debit memo is for the payment by the bank of Raymond's office furniture rent for October.

Required:
1. Prepare a bank reconciliation.
2. Prepare adjusting entries based on the bank reconciliation.
3. What amount is reported for cash in bank in the balance sheet at October31?

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Checks Deposits 9/30 Beg. balance $2,970.186,597.18 43.80 321.70 60.00 $38.11 4,000.00 431.15 21.72 2,850.63 10,303.58 3 111.90 20.00*** 1,308.77 NSF check *Debit memo ** Service charge eem Debit Balance Balance from 9/30 Check #1908 $6,553.38 321.70 905.36 100.20 60.00 10/2 Check #1909 Check #1910 Check #1911 Check #1912 Deposi Check #1913 Check #1914 Check #1915 Check #1916 Deposit #412 Check #1917 Check #1918 Check #1919 Check #1920 Check #1921 Check #1922 Check #1923 Check #1924 Deposit #413 5,326.32 5,226.12 5,166.12 10/5 10/7 10/12 10/15 10,16 10/17 10/17 10/ 18 10/18 10/20 10/20 10/23 10/25 10/29 10/30 10/31 10/31 4 $4,000.00 9,128.01 516.1 309.24 8,302.66 7,871.51 7,849.79 10,700.42 10,594.03 10,530.14 7.421.72 7,309.82 7,220.92 5,417.15 5,132.38 4,504.06 7,912.26 2,850.63 106.39 2 3,108.42 88.90 1,803.77 284.77 628.32 3,408.20