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Bank Reconciliation Raymond Corporation received the following bank statement for the month of October: Date Checks Deposits Balance 9/30 Beg, balance $4,831.50 10/2 $1,204.50
Bank Reconciliation Raymond Corporation received the following bank statement for the month of October: Date Checks Deposits Balance 9/30 Beg, balance $4,831.50 10/2 $1,204.50 $2,970.18 10/4 43.80 $321.70 6,231.68 10/8 905.36 5,326.32 10/10 100.20 60.00 $38.11 5.128.01 10/13 4,000.00 9.128.01 10/14 290.45- 8.837.56 10/17 516.11 309.24 8,012.21 10/19 106.39 431.15 21.72 2,850.63 10,30358 10/21 3,108.42 7.195.16 10/23 10/25 63.39 290.00 ** 7,131.27 111.90 6,729.37 10/27 88.90 6,640.47 10/31 20.00*** 1,306.77 5.311.70 *NSF check Debit memo (Rent Expense) ***Service charge The cash records of Raymond Corporation provide the following information: Date Item Debit Credit 10/1 Balance from 9/30 Balance 56.553.38 10/2 Check #1908 1321.70 6,231.68 10/5 Check #1909 905.36 5.326.32 10/6 Check #1910 100.20 5,226.12 10/6 Check #1911 60.00 5,166.12 10/7 Check #1912 36.11 5,128.01 10/12 Deposit #411 $4,000.00 9,128.01 10/15 Check #1913 516.11 8.611.90 10/16 Check #1914 309.24 8,302.66 10/17 Check #1915 431.15 7,071.51 10/17 Check #1916 21.72 7,849.79 10/18 Deposit #412 2,850.63 10,700.42 10/18 Check #1917 106.39 10,594.03 10/20 Check #1918 63.09 10,530.14 10/20 Check #1919 3,108.42 7,421.72 10/23 Check #1920 111.90 7,309.82 10/25 Check #1921 88.90 7,220.92 10/29 Check #1922 1,803.77 5,417.15 10/30 Check #1923 284.77 5.132.38 10/31 Check #1924 628.32 4,504.06 10/31 Deposit #413 3,406.201 7,912.26 The items on the bank statement are correct. The debit memo is for the payment by the bank of Raymond's office furniture rent expense for October. Assume for any check recording error that the item was recorded to accounts payable.
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