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Janie Corporation's bank statement for October reports an ending balance of $24,381, whereas Janie's cash account shows a balance of 324,025 on Catober 31 .
Janie Corporation's bank statement for October reports an ending balance of $24,381, whereas Janie's cash account shows a balance of 324,025 on Catober 31 . The following additional information is avaiable: a. A $855 deposit made on October 31 was not recorded by the bank unbi November. b. At the end of October, outstanding checks total $1,222. c. The bank statement shows bank service charges of $125 not yet recorded by the company. d. The company erroneously recorded as $973 a check that it had actually written for $379. It was correctly processed by the bank. e. A $480 check from a customer, deposited by the company on October 29, was returned with the bank statement for lack of funds. Requiredt 1. Prepare the October bank reconcilation for Janie Corporation. 2. What amount will be reported as cash on the october 31 balance sheet
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