Prepare a four-column Proof of Cash: The following is information for Client ABC: Balance per Bank, 9/30/20: $6,915 Balance per Bank, 10/31/20: $8,276 Outstanding checks at 9/30/20: $1,811 Outstanding checks at 10/31/20: 2,615 Bank Cash Deposits for October: $28,792 Book Cash Deposits for October: You need to calculate, must show the actual calculation Deposit in Transit, 09/30/20: $5,621 Deposit in Transit, 10/30/20: $996 Checks & Charges per Bank: $27,431 Checks & Charges per Book: You need to calculate, must show the actual calculation Interest on bank loan for the month of October, charged by the bank in October but not entered on Books until November: $596 Proceeds of a note of XYZ company was collected by the bank on October 26th, but not entered on the books until November, $3,296 On October 24th, a check of $1,144 was charged to the Client ABC, account by bank in error (Bank pulled $1,144 from XQs account in error). NSF checks are not recorded on the books unless they permanently fail to clear the bank. Checks totaling $1,335 were dishonored in October $600 were redeposited and cleared in October and $735 were redeposited and cleared in November

Outline of problem:

1. Prepare a four-column Proof of Cash:

The following is information for Client ABC

• Balance per Bank, 9/30/20: $6,915
• Balance per Bank, 10/31/20: $8,276
• Outstanding checks at 9/30/20: $1,811
• Outstanding checks at 10/31/20: 2,615
• Bank Cash Deposits for October: $28,792
• Book Cash Deposits for October: You need to calculate, must show the actual calculation
• Deposit in Transit, 09/30/20: $5,621
• Deposit in Transit, 10/30/20: $996
• Checks & Charges per Bank: $27,431
• Checks & Charges per Book: You need to calculate, must show the actual calculation
• Interest on bank loan for the month of October, charged by the bank in October but not entered on Books until November: $596
• Proceeds of a note of XYZ company was collected by the bank on October 26^th, but not entered on the books until November, $3,296 Principal of $ 2,900
• On October 24^th, a check of $1,144 was charged to the Client ABC, account by bank in error (Bank pulled $1,144 from ABCs account in error). Bank notified Client ABC, inc., and corrected error in November.
• NSF checks (from customers) are not recorded on the books unless they permanently fail to clear the bank. Checks totaling $1,335 were dishonored in October; $600 were re- deposited and cleared on October and $735 were re-deposited and cleared in November