Bank Reconciliation Romain Corporation received the following bank statement for the month of October:

The cash records of Romain Corporation provide the following information:

The items on the bank statement are correct. The debit memo is for the payment by the bank of Romain's office furniture rent expense for October.
\section*{Required:}
1. Prepare a bank reconciliation. (Hint: There is one transposition error in the cash account.)
2. Prepare journal entries based on the bank reconciliation.
3. What amount is reported for cash in bank on the statement of financial position at October 31?
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Date Cheques Deposits Balance 9/30 Beg. balance $ 4.831.50 10/2 $1,204.50 $2.970.18 6.597.18 10/4 43.80 S 321.70 6,231.68 10/8 905.36 5.326.32 10/10 100.20 60.00 $38.11 5.128.01 10/13 4.000.00 9.128.01 10/14 290.45* 8.837.56 10/17 516.11 309.24 8.012.21 10/19 106.39 431.15 21.72 2.850.63 10,303.58 10/21 3.108.42 7.195.16 10/23 63.89 7.131.27 10/25 290.00** 111.90 6.729.37 10/27 88.90 6.640.47 10/31 20.00*** 1.308.77 5.311.70