Question Content Area

Bank Reconciliation

Janie Corporations bank statement for October reports an ending balance of $22,340, whereas Janies cash account shows a balance of $21,989 on October 31. The following additional information is available:

1. A $860 deposit made on October 31 was not recorded by the bank until November.
2. At the end of October, outstanding checks total $1,222.
3. The bank statement shows bank service charges of $125 not yet recorded by the company.
4. The company erroneously recorded as $973 a check that it had actually written for $379. It was correctly processed by the bank.
5. A $480 check from a customer, deposited by the company on October 29, was returned with the bank statement for lack of funds.

Required:

Question Content Area

1. Prepare the October bank reconciliation for Janie Corporation.