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J&T Company's cash ledger reports the following for the month ending October 31, 20XE. Deposits Checks Date Amount No. Date Amount 3-Oct $21,200 1151 4-Oct

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J&T Company's cash ledger reports the following for the month ending October 31, 20XE. Deposits Checks Date Amount No. Date Amount 3-Oct $21,200 1151 4-Oct $3,000 10-Oct 2,890 1152 6-Oct 6,000 17-Oct 15,000 1153 15-Oct 18,400 24-Oct 14,200 1154 16-Oct 6,400 Cash receipts 10/26-10/31 9,900 1155 20-Oct 1,000 $63,190 1156 22-Oct 3,000 1157 29-Oct 14,000 Balance on October 1 $22,200 $51 800 Receipts 63,190 Disbursements 51,800 I Balance on October 31 $33,590 Information from October's bank statement and company records reveals the following additional information: 2) The ending cash balance shown on the bank statement is $39,519. b) Cash receipts of $9,900 from 10/26-10/31 are outstanding c) Checks 1156 and 1157 are outstanding d) The deposit on 10/24 includes a customer's check for $1,200 that did not clear the bank (NSF check). e) Check 1154 was written for $6,900 for equipment purchased in October. The bank properly recorded the check for this amount 1) An automatic withdrawal for October rent was made on October 4 for $1,500. J&T's checking account earns interest based on the average daily balance. The amount of interest earned for October is $6. ) Last year, one of J&T's customers requested their A/R be converted to a Note Receivable (they owed $2,000). On October 29th, the customer paid $2,050 ($2,000 note amount plus $50 interest) directly to the bank in payment for the amount they owed the company The bank charged the following service fees: $25 for NSF check, $1 for automatic withdrawal for rent payment, and $1 for collection of the loan amount from the customer. Prepare a bank reconciliation for October 31, 20XE to assist answering the questions following: 21. $ _of the total checks written during the month, what amount should be deducted from the bank balance during reconciling the bank account? Chapter 4 Page 4-3 22. $. of the cash receipts, what amount should be added to the bank balance during reconciling the bank account? 23. When performing the bank reconciliation, how should the company treat check 1154? A. add $500 to the company cash account B. subtract $500 from company cash account C. add $500 to bank statement balance D subtract $500 from bank statement balance 24. S. The total amount of subtractions from the company cash account during the reconciliation (DO NOT INCLUDE THE ADDITIONS; also do not make the answer negative): 25$ What is the company's cash balance after the reconciliation

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