On October 31 Teal Mountain Ltd. received its bank statement from Provincial Bank. It stated that Teal Mountain had a balance of $8,790 at October 31. The company's general ledger showed a cash balance of $9.210 at that date. A comparison of the bank statement and the accounting records revealed the following information: . . . Bank service charges for the month were $30. The company had written and mailed out cheques with a value of $1.500 that had not yet cleared the bank. Acheque from one of Teal Mountain's customers in the amount of $790 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 Teal Mountain's bank account on October 22 Teal Mountain's bookkeeper had forgotten to record this transaction During the month, the company's bookkeeper had recorded a cheque (41872) paid for utilities as $565 rather than $655 (which was the amount written on the cheque and processed by the bank). The cash receipts for October 31 amounted to $760 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