Answer this plz
On October 31, 2021, Carla Vista Company had a cash balance per books of $8,967. The bank statement on that date showed a balance of $10,169. A comparison of the statement with the Cash account revealed the following: 1. The statement included debit memos of $49 for the printing of additional company cheques and $44 for bank service charges. 2. 3. 4. 5. Cash sales of $639 on October 12 were deposited in the bank. The journal entry to record the cash receipt and the deposit slip were incorrectly made out and recorded by Carla Vista as $963. The bank detected the error on the deposit slip and credited Carla Vista Company for the correct amount. The September 30 deposit of $999 was included on the October bank statement. The deposit had been placed in the bank's night deposit vault on September 30. The October 31 deposit of $974 was not included on the October bank statement. The deposit had been placed in the bank's night deposit vault on October 31. Cheques #1006 for $429 and #1072 for $989 were outstanding on September 30. Of these, #1072 cleared the bank in October. All the cheques written in October except for #1278 for $559, #1284 for $649, and #1285 for $329 had cleared the bank by October 31 On October 18, the company issued cheque #1181 for $679 to Helms & Co., on account. The cheque, which cleared the bank in October, was incorrectly journalized and posted by Carla Vista Company for $796. A review of the bank statement revealed that Carla Vista Company received electronic payments from customers on account of $1,889 in October. The bank had also credited the account with $39 of interest revenue on October 31. Carla Vista had no previous notice of these amounts. Included with the cancelled cheques was a cheque issued by Lasik Company for $599 that was incorrectly charged to Carla Vista Company by the bank. On October 31, the bank statement showed an NSF charge of $819 for a cheque issued by W. Hoad, a customer, to Carla Vista Company on account. This amount included a $30 service charge by the bank. The company's policy is to pass on all NSF 6. 7. 8 8. 9. CARLA VISTA COMPANY Bank Reconciliation October 31, 2021 Cash balance per bank statement $ Add Deposit in transit $ Error in recording cheque #1181 for Accounts Payable Less v Outstanding cheques Adjusted cash balance per bank $ Cash balance per books $ Add $ Outstanding cheques > C Less Error in Oct. 12 deposit of cash sales $ NSF cheque > Bank service charge Cash balance per books ta Date Account Titles and Explanation Debit Credit Oct. 31 Cash Notes Receivable Interest Revenue Notes Receivable (To correct error in recording cheque issued and to record electronic receipt from customer & interest earned) Oct. 31 Accounts Payable Miscellaneous Expense 44 Cash 44 Bank Charges Expense (To record NSF cheque & bank service charge expense and to rectify error in recording sales)
