The following data has been gathered for Marikas Seeds Ltd. for the month ended October 31, 2020.

Additional Information:

• The correct amount of cheque 63 is $1,851. Marika mistakenly recorded the cheque for $1,930. The cheque was to settle an accounts payable.
• The deposit made on October 20 was incorrectly credited to Marika's account by the bank. The $500 does not belong to Marika's Seeds.
• There was an EFT deposit on June 4th of $3,500 on the bank statement that was a payment on account from a customer.
• The bank statement revealed $25 in interest income.
• The bank statement revealed $15 in service charges.
• October 2020 Rent was paid via EFT on October 21.

Required

Prepare a bank reconciliation for the end of the month and journal entries(use the templates below for your answers)

Cash GL Data - Marika's Seeds Ltd. - October 2020 Date Item Ref. # Debit Credit Balance 01-Oct Balance $17,555.00 61 $ 981.00 $ 5,784.00 62 $ 155.00 $ 1,930.00 63 $ 1,254.00 $ 654.00 64 $ 750.00 $ 8,712.00 65 02-Oct Cheque 02-Oct Deposit 05-Oct Cheque 05-Oct Cheque 08-Oct Deposit 10-Oct Deposit 14 Oct Cheque 16-Oct Deposit 17-Oct Cheque 17-Oct Cheque 17-Oct Cheque 22-Oct Deposit 29-Oct Deposit 30-Oct Deposit 30-Oct Cheque 30-Oct Cheque 30-Oct Cheque 31-Oct Balance 66 $ 7,251.00 $ 2,000.00 $ 365.00 67 $ 530.00 $ 1,050.00 $ 780.00 68 69 $ 1,765.00 $ 400.00 $ 4,122.00 70 $16,600.00 Bank Statement - October 2010 Beginning Balance $ 17,555 Deposits and other additions 04-Oct $ 3,500 4 $ 5,784 9 $ 1,254 12 $ 654 17 $ 8,712 20 $ 500 22 $ 25 23 $ 530 $ 20,959 Cheques and other deductions 07-Oct $ 981 13 $ 1,851 15 $ 155 18 $ 750 21 $ 2,500 26 $ 7,251 30 $ 2,000 30 $ 15 -$ 15,503 Ending Balance $ 23,011