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a. The October 31 cash balance in the general ledger is $853. b. The October 31 balance shown on the bank statement is $375.
a. The October 31 cash balance in the general ledger is $853. b. The October 31 balance shown on the bank statement is $375. c. Checks issued but not returned with the bank statement were No. 462 for $13 and No. 483 for $57. d. A deposit made late on October 31 for $463 is included in the general ledger balance but not in the bank statement balance. e. Returned with the bank statement was a notice that a customer's check for $76 that was deposited on October 25 had been returned because the customer's account was overdrawn. f. During a review of the checks that were returned with the bank statement, it was noted that the amount of Check No. 471 was $65 but that in the company's records supporting the general ledger balance, the check had been erroneously recorded as a payment of an account payable in the amount of $56. Required: Prepare a bank reconciliation as of October 31 from the above information. (Total the entries of the same account together, when entering in the bank reconciliation statement.) Balance per bank Add: Deposit in transit $ 463 Deduct: Outstanding checks Outstanding checks $ 13 57 Reconciled balance Bank Reconciliation October 31 $ 375 Balance per books $ 853 Add: NSF check $ 76 Error (Check No. 471) 9 463 85 838 938 Deduct: 70 0 $ 768 Reconciled balance $ 938
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