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Prepare a bank reconcilation at October 31, 2018 Prepare the adjusting journal entries required by the bank reconciliation on Oct31 shows the fllowg auun u
Prepare a bank reconcilation at October 31, 2018
Prepare the adjusting journal entries required by the bank reconciliation on Oct31
shows the fllowg auun u The Greening Company's general ledger cash account October, 2018; BALANCE 4,367.60 4,300.05 4,256.80 4,200.40 4,650.40 4,625.40 4,594.28 4,797.28 4,745.08 DR CR Cash Account Oct 1 Oct 2 Oct 4 Oct 5 Oct 7 Oct 10 Oct 12 Oct 15 Oct 17 Beginning Balance Cheq 44 Cheq 45 Cheq 46 Deposit Cheq 47 Cheq 48 Deposit Cheq 49 67.55 43.25 56.40 450.00 25.00 203.00 52.20 In addition, the bank statement for the month of October is presented below Cheques and other debits Deposits Date Balance No. Amount No. Amount Sep 30 $4,367.60 232.40 EFT #44 $76.55 #45 43.25 #48 31.12 $450.00 230.00 5.00 IN 25.00 SC 42.00 NSF 22.00 NSF fee Oct 31 4,580.28 Symbols: NSF (Not sufficient funds) SC (Service charge) EFT (electronic funds transfer) IN (Interest income) Cheque No. 44 was correctly processed by the bank. This cheque was for a payment on account. The NSF cheque was from A. Cramer, a customer, in settlement of an accounts receivable. An entry had not been made for the NSF cheque from a customer. The additional NSF fee should be charged back to the customer. The EFT is for an electricity bill automatic payment from the account. The deposit of $203 for customer payments on accounts was correctly recorded by the company. Instructions a) Prepare a bank reconciliation at October 31, 2018 in good format Include a heading. b) Prepare the adjusting journal entries required by the bank reconciliation on Oct 31stStep by Step Solution
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