2 Take me to the text The following data represents information necessary to assist in preparing...

Transcribed Image Text:

2 Take me to the text The following data represents information necessary to assist in preparing the October 31, 2019 bank reconciliation for Hard Work Company On October 21, the bank balance was $5,756 The bank statement indicated a deduction of $29 for all bank service charges. A customer deposited $1300 directly into the bank account to settle an outstanding accounts receivable bill. Cheque #30 for $900 and cheque #837 for $630 have been recorded in the company ledger but did not appear on the bank statement. A customer paid an amount of $4,517 to Hard Work Company on October 31 but the deposit did not appear on the bank statement The accounting clerk made an error and recorded a $130 cheque as $1,300 The cheque was written to pay an outstanding accounts payable account Cheque #7454 for $120 was deducted from Hard Work Company's account by the bank. This cheque was not written by Hard Work Company and needs to be reversed by the bank The bank included an NSF cheque in the amount of $280 relating to a customer's payment. The NSF fee was $12. The general ledger cash account showed a balance of $6,714 on October 31 Required a) Complete the bank reconciliation for Hard Work Company b) write the necessary journal entries to correct Hard Work Company's records Do not enter dollarsons or commas in the inout boxes. Do bot use begative sions 2 Take me to the text The following data represents information necessary to assist in preparing the October 31, 2019 bank reconciliation for Hard Work Company On October 21, the bank balance was $5,756 The bank statement indicated a deduction of $29 for all bank service charges. A customer deposited $1300 directly into the bank account to settle an outstanding accounts receivable bill. Cheque #30 for $900 and cheque #837 for $630 have been recorded in the company ledger but did not appear on the bank statement. A customer paid an amount of $4,517 to Hard Work Company on October 31 but the deposit did not appear on the bank statement The accounting clerk made an error and recorded a $130 cheque as $1,300 The cheque was written to pay an outstanding accounts payable account Cheque #7454 for $120 was deducted from Hard Work Company's account by the bank. This cheque was not written by Hard Work Company and needs to be reversed by the bank The bank included an NSF cheque in the amount of $280 relating to a customer's payment. The NSF fee was $12. The general ledger cash account showed a balance of $6,714 on October 31 Required a) Complete the bank reconciliation for Hard Work Company b) write the necessary journal entries to correct Hard Work Company's records Do not enter dollarsons or commas in the inout boxes. Do bot use begative sions