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Prepare the adjusting entries based on the reconcillation. The bank portion of the bank reconciliation for Carla Vista Co. at October 31, 2017, is shown
Prepare the adjusting entries based on the reconcillation.
The bank portion of the bank reconciliation for Carla Vista Co. at October 31, 2017, is shown below. CARLA VISTA CO Bank Reconciliation October 31, 2017 $12,657.90 Cash balance per bank Add: Deposits in transit 1,530.20 14,188.10 Less: Outstanding checks Check Number Check Amount 2451 1,260.40 2470 684.20 2471 844.50 2472 428.75 2474 1,050.00 4,267.85 9,920.25 Adjusted cash balance per bank The adjusted cash balance per bank agreed with the cash balance per books at October 31. The November bank statement showed the following checks and deposits Bank Statement Checks Deposits Date Number Amount Date Amount 11-1 2470 684.20 11-1 1,530.20 11-2 2471 844.50 11-4, 1,211.60 11-5 2474 1,050.00 11-8 990.10 11-4, 2475 1,640.70 11-13 2,575.00 11-8 2476 2,830.00 11-18 1,472.70 11-10 2477 600.00 11-21 2,945.00 11-15 2479 1,730.00 11-25 2,567.30 11-18 2480 1,330.00 11-28 1,650.00 695.40 11-30 1,186.00 11-27 2481 575.50 11-30 Tota 16,127.90 2483 940.00 11-29 2486 Total 12,920.30Step by Step Solution
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