Assignment 44. Fall 2021 estion 1617 ./10 Webowden $31.50 Oweden thread where Our Ows SARANDMOLDOGSOD Bank October Mootinok Ar 5 9 B Q w Y U 1 A S D F G H I 3 K Z C V B v M 30 command edien on 16 of 17 SUNLAND HOLDINGS LTD. Bank Reconciliation October 31 19 2 6 EN B Q w E 20 Y U A S D TI F G H N Z X C > B N 98 option command ViewPonces Current Attemptin Progress When Sunland Holdings Ltd. received its bank statement for the month of October, it showed that the company had a cash balance of $ 21,513 as at October 31. Sunland's general ledger showed a cash balance of $ 22,114 at that date. A comparison of the bank statement and the accounting records revealed the following information: 1. 2. 3. Bank service charges and debit and credit card processing fees for the month were $ 70. Acheque in the amount of $ 676 from one of Sunland's customers that had been deposited during the last week of October was returned with the bank statement as "NSF Cheque #3421, which was a payment for utilities expenses, had been correctly written for $ 994 but had been incorrectly recorded in the general ledger as $ 796. Sunland had written and mailed out cheques with a value of $ 3,106 that had not yet cleared the bank account. During the month, the bank collected a $2,320 note receivable plus the outstanding interest of $ 209 on behalf of Sunland, The interest had already been accrued by Sunland. 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 oktober. 4 5. 6. (a) Prepare the bank reconciliation at October 31 (List items that increase balance as per bank & books first.) SUNLAND HOLDINGS LTD Assignment 44. Fall 2021 estion 1617 ./10 Webowden $31.50 Oweden thread where Our Ows SARANDMOLDOGSOD Bank October Mootinok Ar 5 9 B Q w Y U 1 A S D F G H I 3 K Z C V B v M 30 command edien on 16 of 17 SUNLAND HOLDINGS LTD. Bank Reconciliation October 31 19 2 6 EN B Q w E 20 Y U A S D TI F G H N Z X C > B N 98 option command ViewPonces Current Attemptin Progress When Sunland Holdings Ltd. received its bank statement for the month of October, it showed that the company had a cash balance of $ 21,513 as at October 31. Sunland's general ledger showed a cash balance of $ 22,114 at that date. A comparison of the bank statement and the accounting records revealed the following information: 1. 2. 3. Bank service charges and debit and credit card processing fees for the month were $ 70. Acheque in the amount of $ 676 from one of Sunland's customers that had been deposited during the last week of October was returned with the bank statement as "NSF Cheque #3421, which was a payment for utilities expenses, had been correctly written for $ 994 but had been incorrectly recorded in the general ledger as $ 796. Sunland had written and mailed out cheques with a value of $ 3,106 that had not yet cleared the bank account. During the month, the bank collected a $2,320 note receivable plus the outstanding interest of $ 209 on behalf of Sunland, The interest had already been accrued by Sunland. 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 oktober. 4 5. 6. (a) Prepare the bank reconciliation at October 31 (List items that increase balance as per bank & books first.) SUNLAND HOLDINGS LTD
