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The April 30, 2020, bank statement for Comet Company showed a cash balance of $7,000. The cash account in the company's general ledger (G/L), according
The April 30, 2020, bank statement for Comet Company showed a cash balance of $7,000. The cash account in the company's general ledger (G/L), according to the company's records on April 30, had a balance of $3,042. The following additional data were revealed during the reconciliation process: 1 A deposit of $600 that had been made by the company on March 31 was processed by the bank in April, and a deposit of $1,900 made on Apri! 30 had not yet been processed by the bank 2. The bank statement listed a deposit for $350 that was mistakenly put in Comet Company's bankaccount; it should have gone to Comment Company'saccount 3. Comet Company determined that there were three cheques that had not yet been processed by the bank; #466 for $2.000. \$467 for $520, and #470 for $1,400. 4. One of Comet's customers paid their account, transferring funds electronically to Comet's account. The amount transferred was $1619 5. The bank service charge for the month was $31
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