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The cash account for Deaver Consulting at October 31, 2016, indicated a balance of $10,195. The bank statement indicated a balance of $12,850 on October

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The cash account for Deaver Consulting at October 31, 2016, indicated a balance of $10,195. The bank statement indicated a balance of $12,850 on October 31, 2016. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling Items: a. Checks outstanding totaled $4,630. b. A deposit of $4,820, representing receipts from October 31, had been made too late to appear on the bank statement. c. The bank had collected $2,510 on a note left for collection. The face of the note was $2,380. d. A check for $440 returned with the statement had been incorrectly recorded by Deaver Consulting as $400. The check was for the payment of an obligation to Oxford Office Supplies Co. for the purchase of office supplies on account. e. A check drawn for $470 had been incorrectly charged by the bank as $70. f. Bank service charges for October amounted to $25. Instructions: 1. Prepare a bank reconciliation Deaver Consulting Bank Reconciliation October 31, 2016 Cash balance according to bank statement Adjusted balance Instructions: 1. Prepare a bank reconciliation. Deaver Consulting Bank Reconciliation October 31, 2016 Cash balance according to bank statement dropdown HUG: Dank service charges Add: Deposit of October 31, not recorded by bank Add: Error in recording check by the company as $400 instead of $440 Deduct: Bank service charges Deduct: Deposit of October 31, not recorded by bank Deduct: Error in recording check by the company as $400 instead of $440 Adjusted balance Check My Work Instructions: 1. Prepare a bank reconciliation. Deaver Consulting Bank Reconciliation October 31, 2016 Cash balance according to bank statement Add: Bank service charges Add: Outstanding checks Add: Proceeds of note collected by bank, including $130 interest Deduct: Bank service charges Deduct: Outstanding checks Deduct: Proceeds of note collected by bank, including $130 interest Adjusted balance alt - Lahallisbien TERRA Til..bet numin ILIUI Deaver Consulting Bank Reconciliation October 31, 2016 Cash balance according to bank statement Add: Bank error in charging check as $70 instead of $470 Add: Error in recording check by the company as $400 instead of $440 Add: Proceeds of note collected by bank, including $130 interest Deduct: Bank error in charging check as $70 instead of $470 Deduct: Error in recording check by the company as $400 instead of $440 Deduct: Proceeds of note collected by bank, including $130 interest Adjusted balance TE TII. Le fun anul Annlinien TULI ULLIUN. 1. Prepare a bank reconciliation, Deaver Consulting Bank Reconciliation October 31, 2016 Cash balance according to bank statement Add: Deposit of October 31, not recorded by bank Add: Outstanding checks Add: Proceeds of note collected by bank, including $130 interest Deduct: Deposit of October 31, not recorded by bank Deduct: Outstanding checks Deduct: Proceeds of note collected by bank, including $130 interest Adjusted balance TILL HA HA bu hallata TE Instructions: 1. Prepare a bank reconciliation. Deaver Consulting Bank Reconciliation October 31, 2016 Cash balance according to bank statement Add: Deposit of October 31, not recorded by bank Add: Error in recording check by the company as $400 instead of $440 Add: Outstanding checks Deduct: Deposit of October 31, not recorded by bank Deduct: Error in recording check by the company as $400 instead of $440 Deduct: Outstanding checks Adjusted balance =to mm m E- m! 1. Prepare a bank reconciliation. Deaver Consulting Bank Reconciliation October 31, 20Y6 Cash balance according to bank statement Add: Bank service charges Add: Deposit of October 31, not recorded by bank Add: Bank error in charging check as $470 instead of $70 Deduct: Bank service charges Deduct: Bank error in charging check as $470 instead of $130 Deduct: Outstanding checks Adjusted balance TERRA TILL - den 2. Illustrate the effects on the accounts and financial statements of the bank reconciliation. If no account or activity is affected, select "No effect from the dropdown and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. Increase in Cash: Balance Sheet Statement of Cash Flows Assets Liabilities + Stockholders' Equity Income Statement Oct. 31 Statement of Cash Flows Income Statement Decrease in Cash: Decrease in Cash: Balance Sheet Statement of Cash Assets Liabilities + Stockholders' Equity Income Statement Flows Oct. 31. Income Statement Statement of Cash Flows Check My Work

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