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The accountant of ABC Company is preparing a bank reconciliation statement for the month of October. The bank statement shows a balance of S9,719 while
The accountant of ABC Company is preparing a bank reconciliation statement for the month of October. The bank statement shows a balance of S9,719 while the ledger balance is $7,261. He compiles the following information: Description Amount b NSF checks d EFT for rent collected f Outstanding checks Check #3119 recorded at $1.830 c EFT for insurance deducted e Service charge deducted $1,380 $500 $336 $775 $15 $4,036 $3.402 $1,450 Deposit in transit Notes collected by bank Compute the adjusted bank balance for the month of October
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