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Refer to the information given below The October 31 cash Balance in the general ledger is dollar 787. The October 31 balance shown on the
Refer to the information given below The October 31 cash Balance in the general ledger is dollar 787. The October 31 balance shown on the bank statement is dollar 298. Checks issued but not returned with the bank statement were No 462 for dollar 19 and No. 483 for dollar 45. A deposit made late on October 31 for dollar 474 is included in the general ledger balance but not in the bank statement balance. Returned with the bank statement was a notice that a customer's check for dollar 70 that was deposited on October 25 had been returned because the customer s account was overdrawn. During a review of the checks that were returned with the bank statement, it was noted that the amount of Check No 471 was dollar 65 out 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 dollar 56. 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)
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