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When Sandhill Holdings Ltd. received its bank statement for the month otak showed that the company had a ca $ 17,340 as at October 31. Sandhill's general ledger showed a cash bilan 18,685 at that date. A comparison of the statement and the accounting records revealed the following informatie 1.. Bank service charges and debit and credit card processing fees for the month were $61. 2. A cheque in the amount of $ 568 from one of Sandhill's customers that had been deposited during the last we was returned with the bank statement as "NSF." 3. Cheque #3421, which was a payment for utilities expenses, had been correctly written for $ 841 but had be recorded in the general ledger as $ 670. Sandhill had written and mailed out cheques with a value of $ 2,611 that had not yet cleared the bank acce 5. During the month, the bank collected a $ 1,960 note receivable plus the outstanding interest of $176 on The interest had already been accrued by Sandhill. The cash receipts for October 31 amounted to $5,292 and had been deposited in the night deposit chu evening of October 31. These were not reflected on the bank statement for October. mation: ees for the month were $61. omers that had been deposited during the last week of October had been correctly written for $ 841 but had been incorrectly $ 2,611 that had not yet cleared the bank account. ble plus the outstanding interest of $176 on behalf of Sandhill. ad been deposited in the night deposit chute at the bank on the statement for October. When Sandhill Holdings Ltd. received its bank statement for the month of October, it showed that the company had a ca $17.340 as at October 31. Sandhill's general ledger showed a cash balance of $18.685 at that date. A comparison of the statement and the accounting records revealed the following information 1. Bank service charges and debit and credit card processing fees for the month were $61. 2. A cheque in the amount of $ 568 from one of Sandhill's customers that had been deposited during the last was returned with the bank statement as "NSF." 3. Cheque #3421, which was a payment for utilities expenses, had been correctly written for $ 841 but had recorded in the general ledger as $ 670. Sandhill had written and mailed out cheques with a value of $ 2,611 that had not yet cleared the bank During the month, the bank collected a $1,960 note receivable plus the outstanding interest of $17 The interest had already been accrued by Sandhill. When Sandhill Holdings Ltd. received its bank statement for the month of October, it showed that the company had a $ 17,340 as at October 31. Sandhill's general ledger showed a cash balance of $ 18,685 at that date. A comparison of a statement and the accounting records revealed the following information: 1. Bank service charges and debit and credit card processing fees for the month were $61. 2. A cheque in the amount of $ 568 from one of Sandhill's customers that had been deposited during the last was returned with the bank statement as "NSF." 3 . Cheque #3421, which was a payment for utilities expenses, had been correctly written for $ 841 but had recorded in the general ledger as $ 670. 4. Sandhill had written and mailed out cheques with a value of $ 2,611 that had not yet cleared the bank a 5. During the month, the bank collected a $1,960 note receivable plus the outstanding interest of $ 176 The interest had already been accrued by Sandhill. 6. The cash receipts for October 31 amounted to $5,292 and had been deposited in the night deposit ch evening of October 31. These were not reflected on the bank statement for October. ed its bank statement for the month of October, it showed that the company had a cash balance of s general ledger showed a cash balance of $ 18,685 at that date. A comparison of the bank ds revealed the following information: it and credit card processing fees for the month were $61. 68 from one of Sandhill's customers that had been deposited during the last week of October atement as "NSF." ment for utilities expenses, had been correctly written for $841 but had been incorrectly is $ 670. put cheques with a value of $ 2,611 that had not yet cleared the bank account. cted a $ 1,960 note receivable plus the outstanding interest of $176 on behalf of Sandhill. crued by Sandhill. amounted to $5,292 and had been deposited in the night deposit chute at the bank on the e not reflected on the bank statement for October. (a) Prepare the bank reconciliation at October 31. (List Items that increase balance as per bank & books first.) SANDHILL HOLDINGS LTD. Bank Reconciliation October 31 17340 Cash balance per bank statement 61 Add Bank service charges 17401 2611 Less Outstanding cheques LA $ $ Outstanding cheques $ C C