SERIAL EXERCISE This exercise continues the Lee Management Consulting situation from Exercise 7-20 of Chapter 7.If you did not complete Exercise 7-20 you can still complete Exercise 8-25 as it is presented below for the month of October Exercise 8-25 Lee Management Consulting performs systems consulting. Lee Management Consulting's Preparing a bank reconciliation bank statement dated October 31, 2016, follows 1 Adjusted balance, $39,802 Withdrawals Deposits Balance Date Sep30 Oct01 Description Balance Forward Deposit EFT to Cheap Cheques Chq 206 Deposit Deposit Chq 207 Chg 209 EFT Hot Houses 32,850 33,600 33,583 32,333 34,833 37,833 33,833 32,418 17 Oct02 Oct08 Oct14 Oct17 Oct18 1,250 2,500 3,000 4,000 1,415 500 Oct20 Oct22 Oct28 Oct28 Oct28 Oct31 2,918 37,718 37,593 36,798 36,785 36,792 (a customer) Deposit EFT to Internet Service Chq 208 Bank Service Charge Interest Credit 4,800 125 795 13 761511,557 This was a reconciling item on the September 2016 bank reconciliation SERIAL EXERCISE This exercise continues the Lee Management Consulting situation from Exercise 7-20 of Chapter 7.If you did not complete Exercise 7-20 you can still complete Exercise 8-25 as it is presented below for the month of October Exercise 8-25 Lee Management Consulting performs systems consulting. Lee Management Consulting's Preparing a bank reconciliation bank statement dated October 31, 2016, follows 1 Adjusted balance, $39,802 Withdrawals Deposits Balance Date Sep30 Oct01 Description Balance Forward Deposit EFT to Cheap Cheques Chq 206 Deposit Deposit Chq 207 Chg 209 EFT Hot Houses 32,850 33,600 33,583 32,333 34,833 37,833 33,833 32,418 17 Oct02 Oct08 Oct14 Oct17 Oct18 1,250 2,500 3,000 4,000 1,415 500 Oct20 Oct22 Oct28 Oct28 Oct28 Oct31 2,918 37,718 37,593 36,798 36,785 36,792 (a customer) Deposit EFT to Internet Service Chq 208 Bank Service Charge Interest Credit 4,800 125 795 13 761511,557 This was a reconciling item on the September 2016 bank reconciliation