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The bank statement and cash activity information for the month of October for Bloom provided below. Inc, is Marcus Bank Statement Balance at 9/30/17: $39,782.25

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The bank statement and cash activity information for the month of October for Bloom provided below. Inc, is Marcus Bank Statement Balance at 9/30/17: $39,782.25 Withdrawals Check Number 3004 3011 EFT eposits Date Amount Date Amount 2-Oct 5-Oct 7-Oct 9-Oct $756.30 $289.70 $874.50 $2,382.30 $206.40 $808.10 $608.00 $456.60 S539.00 1-Oct 2-Oct 6-Oct 10-Oct 11-Oct 15-Oct 17-Oct 22-Oct 23-Oct 27-Oct (Interest) $1,900.20 $840.00 $234.40 $742.20 $1,245.00 S467.70 $148.00 $85.00 $720.00 3019 3021 NSF 3024 3017 15-Oct 17-Oct 20-Oct 20-Oct 26-Oct 28-Oct 30-Oct 30-Oct 31-Oct 924.00 $390.30 $3,000.00 $7,000.00 Bloom Inc. General Ledger Balance at 9/30/17: $41,928.15 Withdrawals Check Number Date Amount Amount $2,382.30 $982.80 $1,089.10 Date $1,900.20 9-Oct 10-Oct 12-Oct 16-Oct 3019 3020 3021 3017 3-Oct 7-Oct 8-Oct 8-Oct 14-Oct 18-Oct 05$390.30 20-Oct 29-Oct S720.00 $1,509.50 $528.00 19-Oct 3027 $890.80 24-Oct 20%0$924.00 3028 3031 24-Oct 25-Oct 1,208.7030-0c Your analysis of the bank statement and company records revealed the following additional information: 1. Outstanding checks at 9/30/17 per Bloom Inc. were: Check Number Amount 3002 3004 3006 3009 3011 3012 $123.90 $289.70 $158.40 $642.70 $874.50 $206.40 2. A monthly EFT deduction of $2,382.30 was made for an insurance payment. 3. Marcus Bank deducted Bloom Inc.'s monthly mortgage payment directly via EFT from Bloom's bank account for an amount of $7,000.00, of which interest is $800.00. Required: 1. Determine the October 3 1st ending cash balance per the bank. 2. Determine the October 31st ending cash balance per the books. 3. Prepare the reconciliations from both the Bloom's books and the bank statement to the correct cash balance at October 31st. Assume any errors were made by the bank. Prepare the adjusting journal entries necessary at October 31st, 2017, and explain any discrepancies found that do not require an adjusting entry. 4

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