The cash balance per books for the Senjavarah Company on October 31, 2019 is $8,736.01. The following cheques and receipts were recorded for the month of October, 2019:

ChequesReceipts

No. AmountNo. Amount AmountDate

17$372.9622$ 578.84$843.86Oct. 5

18$780.6223$1,687.50$941.54Oct. 21

19$157.0024$ 921.30$808.58Oct. 27

20$587.5025$ 246.03$967.00Oct. 30

21$234.15

In addition, the bank statement for the month of October is presented below:

Cheques and other debits DepositsDateBalance

No.AmountNo.AmountNo.Amount

Sep 30$5,404.84

14$148.2917$372.9622$578.84$5,484.38Oct 1$9,789.13

18708.6224921.30843.86Oct 8$9,003.07

19157.0025246.03941.54Oct 23$9,541.58

21234.1515.00SC808.58Oct 29$10,101.01

250.00NSF1,200.00CMOct 31$11,051.01

Symbols: NSF (Not sufficient funds) SC (Service charge) CM (Credit memo)

Cheque No. 18 was correctly written for $708.62 for a payment on account. The NSF cheque was from S. Horn, a customer, in settlement of an accounts receivable. An entry had not been made for the NSF cheque. The credit memo is for an EFT from a customer account.

Instructions

a)Prepare a bank reconciliation at October 31, 2019 in good format. Include a heading.

b)Prepare the adjusting journal entries required by the bank reconciliation on Oct 31st.

The cash balance per books for the Senjavarah Company on October 31, 2019 is $8,736.01. The following cheques and receipts were recorded for the month of October, 2019:

ChequesReceipts

No. AmountNo. Amount AmountDate

17$372.9622$ 578.84$843.86Oct. 5

18$780.6223$1,687.50$941.54Oct. 21

19$157.0024$ 921.30$808.58Oct. 27

20$587.5025$ 246.03$967.00Oct. 30

21$234.15

In addition, the bank statement for the month of October is presented below:

Cheques and other debits DepositsDateBalance

No.AmountNo.AmountNo.Amount

Sep 30$5,404.84

17$372.9622$578.84$5,484.38Oct 1$9,789.13

18708.6224921.30843.86Oct 8$9,003.07

19157.0025246.03941.54Oct 23$9,541.58

21234.1515.00SC808.58Oct 29$10,101.01

250.00NSF1,200.00CMOct 31$11,051.01

Symbols: NSF (Not sufficient funds) SC (Service charge) CM (Credit memo)

Cheque No. 18 was correctly written for $708.62 for a payment on account. The NSF cheque was from S. Horn, a customer, in settlement of an accounts receivable. An entry had not been made for the NSF cheque. The credit memo is for an EFT from a customer account.

Instructions

a)Prepare a bank reconciliation at October 31, 2019 in good format. Include a heading.

b)Prepare the adjusting journal entries required by the bank reconciliation on Oct 31st.