Question
Refer to the information given below: a. The October 31 cash balance in the general ledger is $1,688. b. The October 31 balance shown
Refer to the information given below: a. The October 31 cash balance in the general ledger is $1,688. b. The October 31 balance shown on the bank statement is $746. c. Checks issued but not returned with the bank statement were No. 462 for $26 and No. 483 for $100. d. A deposit made late on October 31 for $900 is included in the general ledger balance but not in the bank statement balance. e. Returned with the bank statement was a notice that a customer's check for $150 that was deposited on October 25 had been returned because the customer's account was overdrawn. f. During a review of the checks that were returned with the bank statement, it was noted that the amount of Check No. 471 was $64 but that in the company's records supporting the general ledger balance, the check had been erroneously recorded as a payment of an account payable in the amount of $46. Required: Prepare a bank reconciliation as of October 31 from the above information. (Total the entries of the same account together, when entering in the bank reconciliation statement.) Balance per bank Add: Deduct: Bank Reconciliation October 31 Balance per books Add: Deduct: Reconciled balance Reconciled balance
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