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just answer based on what is available The following information is provided for Thor Lighting Service Inc. at the end of October 2009. Cash balance
just answer based on what is available
The following information is provided for Thor Lighting Service Inc. at the end of October 2009. Cash balance per general ledger $4,258 The bank deducted this amount for services provided to the company $80 October 31st bank statement balance $4,978 These checks were recorded in the cash payments journal but did not appear on the bank statement: Check #45 $623 Check #47 $941 Check #48 $452 $2,261 Thor Lighting Service deposited this amount on October 30 but the deposit did not appear on the bank statement The accounting clerk made an error and recorded a $115 check | as $1060. The check was issued for the purchase of desk lamps (recorded in Office Furniture account) and it was cashed correctly by the bank. Bank, in error, deposited $500 into company account, this will be corrected in following month's bank statement $500 LULUULO Lidl ITIUS a) Prepare the October bank reconciliation for Thor Lighting Service Inc. Thor Lighting Service Inc. Bank Reconciliation Statement 31-Oct-09 General Ledger Bank Explanation Balance per records Outstanding deposit Outstanding Checks Check #45 Check #47 Check #48 Bank error Unrecorded deposit Unrecorded deposit Error on check Service charges NSF check Corrected balances b) Record the relevant journal entries to bring the company's records up to date. Date Description DR CR Oct-31 To correct error made in recording check Oct-31 To correct error made in recording check Oct-31 To record bank charges Oct-31 To record interest deposit by bank Oct-31 To record NSF checkStep by Step Solution
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