On October 31 Larkspur Ltd. received its bank statement from Provincial Bank. It stated that Larkspur had a balance of $9,660 at October 31. The companys general ledger showed a cash balance of $10,220 at that date. A comparison of the bank statement and the accounting records revealed the following information:

Bank service charges for the month were $40. The company had written and mailed out cheques with a value of $1,530 that had not yet cleared the bank. A cheque from one of Larkspurs customers in the amount of $800 that had been deposited during the last week of October was returned with the bank statement as NSF. An electronic funds transfer payment (EFT) of $250 for monthly insurance expense was automatically deducted from Larkspurs bank account on October 22. Larkspurs bookkeeper had forgotten to record this transaction. During the month, the companys bookkeeper had recorded a cheque (#1872) paid for utilities as $575 rather than $755 (which was the amount written on the cheque and processed by the bank). The cash receipts for October 31 amounted to $820 and had been deposited in the night drop slot at the bank on the evening of October 31. These were not reflected on the bank statement for October.

Prepare the bank reconciliation for Larkspur at October 31. Bank Reconciliation October 31