Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Help Save & Exit Sub The following is information for Dundee Realty 2 a. Balance per the bank statement dated October 31, 2020, is $27,642

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Help Save & Exit Sub The following is information for Dundee Realty 2 a. Balance per the bank statement dated October 31, 2020, is $27,642 b. Balance of the Cash account on the company books as of October 31, 2020, is $5,610. c. $14.750 of customer deposits were outstanding as of September 30: this amount had been deposited to Dundee's account in October d. Cheques written in October that had not cleared the bank as of October 31 were: #8700, S992 #8709, $12,670 #8801. $690 #8815, 5152 e. The bank charged Dundee's account for a $2,385 cheque of the E-Zone Networks: the cheque was found among the cancelled cheques returned with the bank statement f. Bank service charges for October amount to $72. 9. A customer's cheque (Teresa Krant) for $8,040 had been deposited in the bank correctly but was recorded in the accounting records as $8.400 #8815, $152 e. The bank charged Dundee's account for a $2,385 cheque of the E-Zone Networks; the cheque was found among the cancelled cheques returned with the bank statement. f. Bank service charges for October amount to $72. g. A customer's cheque (Teresa Krant) for $8,040 had been deposited in the bank correctly but was recorded in the accounting records as $8,400. h. Among the cancelled cheques is one for $360 given in payment of an account payable to Decker Company, the bookkeeper had recorded the cheque incorrectly at $630 in the company records. i. The bank statement showed an electronic fund transfer of $23,650 for a customer payment. A bank service fee of $85 was charged J. A bank deposit of October 31 for $13.490 does not appear on the bank statement. Required: 1. Prepare a bank reconciliation statement as of October 31, 2020. DUNDEE REALTY Bank Reconciliation October 31, 2020

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Loss Control Auditing A Guide For Conducting Fire Safety And Security Audits

Authors: E. Scott Dunlap

1st Edition

1439828865, 978-1439828861

More Books

Students also viewed these Accounting questions

Question

=+15. Did you create a campaign that would create buzz?

Answered: 1 week ago

Question

=+9. Did you answer the consumer's question Why buy?

Answered: 1 week ago