Chapter 8 - Practice Test D BANK RECONCILIATION BSP Company's general ledger shows a cash balance of s1,500 at October 31, 20xX. The bank statement for October 31, 20XX shows a balance of $1,000 for the company's account. Below is a list of items listed on the bank statement. Bank Credits to the Account Collection of a Note Receivable Bank Debits to the Account Fees for Collecting Note Bank Service Charge s 20 for the Company Interest Earned $200 35 100 25 for October NSF Check (Mr. White) NSF Check Fee When comparing the bank list of deposits to the general ledger, you find the company's deposits for 10/30 and 10/31, S600 and $800 respectively, have not been recorded by the bank. You also find September's outstanding checks #401 for $50 and check #403 for $25 have cleared, but check #402 for S220 has not cleared the bank. October checks #500 for $300 and check #505 for S400 have also not cleared the bank. October's check #433 was recorded on the company's books as S505, but the bank cashed the check for the correct amount of the check, which was $550 as written. The check was for postage. Prepare the October 20XX bank reconciliation for BSP Company. For extra credit, prepare the journal entries for the bank reconciliation. BsP company tann pecanaliaan Ocro ber31,20xx Parn auiarsmounh $11500 culars Amounr oco