1 2. When Sheridan Holdings Ltd, received its bank statement for the month of October, it showed that the company had a cash balance of $15.950 as at October 31. Sheridan's general ledger showed a cash balance of $17,542 at that date. A comparison of the bank statement and the accounting records revealed the following information: Bank service charges and debit and credit card processing fees for the month were $58. Acheque in the amount of $532 from one of Sheridan's customers that had been deposited during the last week of October was returned with the bank statement as "NSE: 3. Cheque #3421, which was a payment for utilities expenses, had been correctly written for $790 but had been incorrectly recorded in the general ledger as $628. Sheridan Had written and mailed out cheques with a value of $2.446 that had not yet deared the bank account. During the month, the bank collected a $1.840 note receivable plus the outstanding interest of $166 on behalf of Sheridan. The interest had already been accrued by Sheridan The cash receipts for October 31 amounted to $5.292 and had been deposited in the night deposit chute at the bank on the evening of October 31. These were not reflected on the bank statement for October 4. 5. 6. SHERIDAN HOLDINGS LTD. Bank Reconciliation October 31