prepare bank reconciliation for the month october31
SERIAL EXERCISE This exercise continues the Lee Management Consulting situation from Exercise 7-20 of Chapter 7. If you did not complete Exercise 7-20 you can still complete Exercise 8-25 as it is presented below for the month of October Exercise 8-25 Lee Management Consulting performs systems consulting. Lee Management Consulting's Preparing a bank reconcliation bank statement dated October 31, 2016, follows: Adjusted balance, $39,802 Balance 32,850 33,600 33,583 32,333 34,833 37,833 33,833 32,418 Date Description Balance Forward Withdrawals Deposits Oct01 Oct02 Oct02 Oct08 Oct14 Oct17 Oct18 17 1,250 EFT to Cheap Cheques Chq 206 Deposit Deposit Chq 207 Chg 209 EFT Hot Houses 2,500 3,000 4,000 1,415 (a customer Deposit EFT to Internet Service Chq 208 Bank Service Charge Interest Credit Oct20 Oct22 Oct28 Oct28 Oct28 Oct31 32,918 37,718 37,593 36,798 36,785 36,792 4,800 125 795 13 7 7,615 11,557 This was a reconciling item on the September 2016 bank reconciliation. Exercise 8-25 Lee Management Consulting performs systems consulting. Lee Management Consulting's Preparing a bank recondiliation bank statement dated October 31, 2016, follows: Adjusted balance, $39,802 Withdrawals Deposits Date Sep30 Oct01 Oct02 Oct02 Oct08 Oct14 Oct17 Oct18 Balance 32,850 Balance Forward Deposit EFT to Cheap Cheques Chq 206 Deposit Deposit Chq 207 Chq 209 EFT Hot Houses 750* 33,600 33,583 32,333 34,833 37,833 33,833 32,418 17 1,250 3007 4,000 1,415 (a customer) Deposit EFT to Internet Service Chq 208 Bank Service Charge Interest Credit Oct20 Oct22 Oct28 32,918 37,718 37,593 36,798 36,785 36,792 4,800 125 Oct28 7,615 11,557 This was a reconciling item on the September 2016 bank reconciliation. SERIAL EXERCISE This exercise continues the Lee Management Consulting situation from Exercise 7-20 of Chapter 7. If you did not complete Exercise 7-20 you can still complete Exercise 8-25 as it is presented below for the month of October Exercise 8-25 Lee Management Consulting performs systems consulting. Lee Management Consulting's Preparing a bank reconcliation bank statement dated October 31, 2016, follows: Adjusted balance, $39,802 Balance 32,850 33,600 33,583 32,333 34,833 37,833 33,833 32,418 Date Description Balance Forward Withdrawals Deposits Oct01 Oct02 Oct02 Oct08 Oct14 Oct17 Oct18 17 1,250 EFT to Cheap Cheques Chq 206 Deposit Deposit Chq 207 Chg 209 EFT Hot Houses 2,500 3,000 4,000 1,415 (a customer Deposit EFT to Internet Service Chq 208 Bank Service Charge Interest Credit Oct20 Oct22 Oct28 Oct28 Oct28 Oct31 32,918 37,718 37,593 36,798 36,785 36,792 4,800 125 795 13 7 7,615 11,557 This was a reconciling item on the September 2016 bank reconciliation. Exercise 8-25 Lee Management Consulting performs systems consulting. Lee Management Consulting's Preparing a bank recondiliation bank statement dated October 31, 2016, follows: Adjusted balance, $39,802 Withdrawals Deposits Date Sep30 Oct01 Oct02 Oct02 Oct08 Oct14 Oct17 Oct18 Balance 32,850 Balance Forward Deposit EFT to Cheap Cheques Chq 206 Deposit Deposit Chq 207 Chq 209 EFT Hot Houses 750* 33,600 33,583 32,333 34,833 37,833 33,833 32,418 17 1,250 3007 4,000 1,415 (a customer) Deposit EFT to Internet Service Chq 208 Bank Service Charge Interest Credit Oct20 Oct22 Oct28 32,918 37,718 37,593 36,798 36,785 36,792 4,800 125 Oct28 7,615 11,557 This was a reconciling item on the September 2016 bank reconciliation
