MOLIM! _n=condexternal_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/questi uTube Maps BANK RECS Saved Help Save & Ex Chech The following information was available to reconcile Montrose Company's book balance of Cash with its bank statement balance as of October 31, 2020: a. After all posting was completed on October 31, the company's Cash account had a $17,638 debit balance but its bank statement showed a $39,247 balance. b. Cheques #296 for $1,784 and #307 for $17,056 were outstanding on the September 30 bank reconciliation. Cheque #307 was returned with the October cancelled cheques, but cheque #296 was not. It was also found that cheque #315 for $1,194 and cheque #321 for $2,675, both written in October, were not among the cancelled cheques returned with the statement c. In comparing the cancelled cheques returned by the bank with the entries in the accounting records, it was found that cheque #320 for the October rent was correctly written for $6,100 but was erroneously entered in the accounting records as $6,820. d. A credit memo enclosed with the bank statement indicated that there was an electronic fund transfer related to a customer payment for $22,962. A S161 bank service charge was deducted. This transaction was not recorded by Montrose before receiving the bank statement. e. A debit memo for $4.362 listed a $4,297 NSF cheque plus a $65 NSF charge. The cheque had been received from a customer, Jefferson Tyler. Montrose had not recorded this bounced cheque before receiving the statement. f. Also enclosed with the statement was a $98 debit memo for bank services. It had not been recorded because no previous notification had been received g. The October 31 cash receipts, $3,105, were placed in the bank's night depository after banking hours on that date and this amount did not appear on the bank statement search @ Help Save & Exit Submit Check my work Required: 1. Prepare a bank reconciliation for the company as of October 31, 2020. MONTROSE COMPANY Bank Reconciliation October 31, 2020 Bank Statement Company's Books Bank statement balance Add: Book balance of cash Add: $ 0 $ Deduct: Deduct: Adjusted bank balance Adjusted book balance ENG search oc 2020 10/ FIO 112 IA o DANN RECS 1 Saved Journal entry worksheet G Saved Help Save Journal entry worksheet CH ogic arch -BANK RECS Help Save Journal entry worksheet earch o Journal entry worksheet 1 2 3 4 Record to correct error in Cheque #320. Note: Enter debits before credits. Date General Journal Debit Credit Oct 31 Record entry Clear entry View general journal O earch