On October 31 Skysong Ltd. received its bank statement from Provincial Bank. It stated that Skysong had a balance of $9.220 at October 31. The company's general ledger showed a cash balance of $10,090 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 $1,310 that had not yet cleared the bank. Acheque from one of Skysong's customers in the amount of $810 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 Skysong's bank account on October 22. Skysong's bookkeeper had forgotten to record this transaction. During the month, the company's bookkeeper had recorded a cheque (#1872) paid for utilities as $585 rather than $855 (which was the amount written on the cheque and processed by the bank) The cash receipts for October 31 amounted to $810 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 Debit Credit Account Titles and Explanation (To record bank charges) (To record NSF cheque) Adjusted cash balance per bank $ 10090 Less Bank service charges 40 Less NSF cheque 810 Outstanding cheques $ 1310 $ 12250 Less: 47 EFT payment $ 250 Error correction on cheque #1872 (To record EFT) (To correct error in Cheque #1872)