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Problem 3 Required: Prepare the October bank reconciliation and the journal entries required for Omega Pool Service. The following information is provided for Omega Pool
Problem 3 Required: Prepare the October bank reconciliation and the journal entries required for Omega Pool Service. The following information is provided for Omega Pool Service at the end of October 2016. Account: Cash GL No: 101 Date Description DR CR Balance Oct 1 Opening Balance $72,300 DR Oct 1 Deposit $5,890 $78,190 DR Oct 4 Chq #64 Office Supply Company $3,400 $74,790 DR Oct 7 Chq #61 Salary $4,670 $70,120 DR Oct 11 Chq #75 Lighting Supply $8,890 $61,230 DR Oct 12 Deposit $10,200 $71,430 DR Oct 18 Chg #67 Shelby Legal $3.460 $67,970 DR Oct 23 Chq #71 Hydro Company $7,890 $60,080 DR Oct 27 Chq #78 Bill's Maintenance $3,480 $56,600 DR Oct 31 Deposit $10,600 $67,200 DR BANK STATEMENT Date Explanation Withdrawal Oct 1 Opening Balance Oct 2 Deposit Oct 8 Chq #61 $4,670 Oct 13 Deposit Oct 18 Chg #64 $680 Oct 23 Chq #67 $3,460 Oct 31 Service Charge $830 Oct 31 Interest *Any cheque errors were cashed correctly by the bank. Deposit Balance $72,300 $5,890 $78,190 $73,520 $10,200 $83,720 $83,040 $79,580 $78,750 $420 $79,170
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