Required information On October 31, 2020, Dawson Company's general ledger shows a cash balance of $10,500. The bank statement reveals an October ending balance of $13,252. The following reconciling items were identified: The company's deposits in transit for the month total $4,050. Cheets written in October but not charged to the October bank statement are: Check 7855 $150 8252 $920 9001 $362 Dawson incurred a bank service charge of $150 not yet recorded on their books. The bank collected a $5,000 note receivable on Dawson's behalt Dawson earned interest on the bank account balance of $320, which Dawson was not aware of until reviewing the bank statement Dawson realizes that the bank incorrectly charged the company's account $300 for an automatic withdrawal that should have been charged to another customer's account. The bank agrees to the error. Prepare the bank reconciliation for the month of October, and answer the following questions: The incorrect charge of $300 should be: Required information On October 31, 2020, Dawson Company's general ledge shows the balance of $10.500. The bank statement reveals on October ending one of $3.252. The following reconciling items were identified The company's deposits intra for the month $4050 . Checia wien in October but not changed to the October bank statementare 7855 $150 252 $920 9001 5962 Dawson incurred bank service charge of $150 not yet recorded on their books The bank collected a $5,000 note receivable on Dawson's beat Dawson med merest on the bank account balance of $320, which Dawson was not aware of unor reviewing the bank statement Dawson realize that the bank incorrectly charged the company's account $300 for an automatic withdrawal that should have been charged to another customer's account. The bank agrees to the error Prepare the bank reconciliation for the month of Octobet and answer the following questions The adjusted cash balance for both the bank and the books should be: Required information On October 2020. Dawson Company's general ledger shows a cash balance of $10,500. The bank statement reveals on October ending balance of $13,252. The following reconciling items were identified: The companys deposits in transit for the month total $4,050, Checks written in October but not charged to the October bank statement are: Check + 7855 $150 8252 $920 9001 5862 . Dowson incurred a bank service charge of $150 not yet recorded on their books, . The bank collected a $5,000 note receivable on Dawson's behalt Dawson earned Interest on the bank account balance of $320, which Dawson was not aware of until reviewing the bank statement. Dawson realizes that the bank incorrectly charged the company's account $300 for an automatic withdrawal that should have been charged to another customer's account. The bank agrees to the error Prepare the bank reconcillation for the month of October, and answer the following questions: Based on the bank reconciliation, for which of the following cash-related items would Dawson Company need to make a journal entry? Based on the bank reconciliation, for which of Multiple Choice O interest of $320 Outstanding checks Incorrect bank charge of $300 All of the above
