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Mohammad Abdullah company's Cash account has a balance of $851 as of October 31. The bank statement for this account reports a balance of $1,430
Mohammad Abdullah company's Cash account has a balance of $851 as of October 31. The bank statement for this account reports a balance of $1,430 as of October 31. 1. There are outstanding checks totaling $840 and a deposit in transit of $60. 2. Depreciation expense of machine for the month $200 remained unrecorded. 3. A payment was received $450 from one of the customer was recorded by the company accountant and deposited correctly in the bank account, however the subsidiary ledger account shows that the amount received should have been $550. 4. The bank statement shows interest earned of $19, service charges of $30, a customer's returned check of $100, and a check printing fee of $90. The salaries expense $5,000 for current month was not paid. Instruction: Prepare a bank reconciliation for Mohammad Abdullah Company as of October 31. [6 Marks) Your
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