Exercise $8-$ Given the following, prepare a bank reconciliation for October $31$:

The bank statement shows an ending balance for October of $$1400$

Our general ledger balance shows an ending balance for October of $$1216$

The bank statement deducted $$40($the amount of our customer's check which bounced$).$

The bank statement shows an electronic funds transfer $($EFT$)$ of $$60$ into the account.

The bank deducted $$10($its monthlv service charge$).$

On $10/31$ we recorded a deposit for $$80$ that doesn't show on the bank statement.

The bank collected a $$100$ note on our behalf.

We deducted $$140$ of checks that weren't on the bank statement $($outstanding checks$).$

We correctlv recorded check #$752$ for $$80.$ but the bank mistakenlv deducted $$84$

The bank added $$20$ to our account for interest earned this month.

We mistakenlv deducted $$38$ for check #$765$: it corr$$ctlv cleared the bank for $$40.$

Bank Balance

Add:

Deduct:

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