Exercise 5-7 Bank reconciliation LO 3 Refer to the information given below a. The October 31 cash balance in the general ledger is $873. b. The October 31 balance shown on the bank statement is $415 Checks issued but not returned with the bank statement were No. 462 for $18 and No. 483 for $51 d. A deposit made late on October 31 for $452 is included in the general ledger balance but not in the bank statement balance Returned with the bank statement was a notice that a customer's check for $66 that was deposited on October 25 had been returned because the customer's account was overdrawn. During a review of the checks that were returned with the bank statement, it was noted that the amount of Check No. 471 was $65 but that in the company's records supporting the general ledger balance, the check had been erroneously recorded as a payment of an account payable in the amount of $56. Prepare a bank reconciliation as of October 31 from the above October 31 Bank statement balance Balance per books Deposit in transit Error (Check No. 471 Deduct Bank service charge Adjusted bank balance 0 Adjusted book balance