Complete the bank reconciliation and the required adjustments.

I-06.03 Here is the PRIOR month reconciliation for September 30, 2014 for the Quiet Moose Lodge. You are also provided with the October check register and bank statement. Utilize this information to prepare October's bank reconciliation and related adjusting entry. You may assume that any discrepancies between the check register and bank statement relate to recording errors in the accounts of the Quiet Moose, and not the bank. Ending balance per bank statement $ 18,344.07 Add: Deposits in transit 2,505.55 Deduct: Outstanding checks #3444 #3446 $ 175.00 1,908.09 (2,083.09) Correct cash balance $ 18,766.53 Ending balance per company records $ 18,696.53 Add: Interest earnings 80.00 Deduct: Service charges Correct cash balance (10.00) $ 18,766.53 I-06.03 DATE PARTY 1-Oct REF # CHECK DEPOSIT Balance Balance 3448 $ $ 145.99 2-Oct Gomez 5-Oct Deposit 7-Oct Bryers 3449 387.97 - 21,632.57 7-Oct Morton 3450 1,204.67 - 20,427.90 7-Oct Lee 3451 4,664.50 - 15,763.40 10-Oct Morici 3452 43.23 - 15,720.17 10-Oct LaCorx 3453 2,990.44 - 12,729.73 11-Oct Benson 3454 1,100.31 - 11,629.42 12-Oct Void 3455 - 11,629.42 13-Oct Morgan 3456 695.77 - 10,933.65 13-Oct Russell 3457 788.87 - 10,144.78 14-Oct Deposit 17-Oct Lowen 3458 3,664.34 - 9,957.32 19-Oct Post Office 3459 45.45 - 9,911.87 20-Oct Nguen 3460 677.21 - 9,234.66 30-Oct Behn 3461 499.00 - 8,735.66 31-Oct Deposit - - 18,766.53 $ - - 3,476.88 $ 16,907.75 3,400.00 8,131.21 $ 18,620.54 22,020.54 13,621.66 16,866.87 15,008.09 2 of 3 I-06.03 Mountain Home Bank Statement October 1, 2014 through October 31, date: 2014 Statement for: Quiet Moose Lodge 121 Main Street 13 River Street P.O. Box 5566 Patawa Township Account # 474784 CHECKING SUMMARY Previous statement balance on 9-30-14 18,344.07 Total of 5 deposits for + 19,339.09 Total of 14 withdrawals for - 14,887.45 Interest earnings for 65.66 + Service charges for 35.00 New balance 22,826.37 CHECKS AND OTHER DEBITS Check 3446 *3448* 3449 3450 *3452* 3453 Date Paid 3-Oct 5-Oct 7-Oct 7-Oct 10-Oct 11-Oct Amount 1908.09 145.99 387.97 1204.67 43.23 2990.44 Check 3454 *3456* 3457 3458 3459 3460 Electronic funds tranfer - Patawa Water C NSF returned check - maker Stacey NSF fee Monthly service fee Date Paid 12-Oct 13-Oct 14-Oct 18-Oct 20-Oct 21-Oct 25-Oct 28-Oct 28-Oct 31-Oct Amount 1100.31 695.77 788.87 3664.34 54.45 677.21 237.34 988.77 25.00 10.00 DEPOSITS AND OTHER CREDITS Customer deposit Customer deposit Collection item -- note receivable ($6500 Customer deposit Credit card sales posting Interest earnings Date Posted 1-Oct 5-Oct 11-Oct 14-Oct 28-Oct 31-Oct Amount 2505.55 3400.00 6774.33 3476.88 3182.33 65.66 3 of 3 Name: Date: Section: I-06.03 Complete the Bank Reconciliation and record the required adjustments. Ending balance per bank statement Add: Deduct: Correct cash balance Ending balance per company records Add: Name: Date: Section: Deduct: Correct cash balance I-06.03 Name: Date: I-06.03 Section: GENERAL JOURNAL Date Accounts To record adjustments necessitated by bank reconciliation Debit Name: Date: Section: I-06.03 Name: Date: Credit Section: I-06.03 Name: Date: Section: I-06.03