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The following information was available to reconcile Montrose Company s book balance of Cash with its bank statement balance as of October 3 1 ,
The following information was available to reconcile Montrose Companys book balance of Cash with its bank statement balance as of October : a After all posting was completed on October the companys Cash account had a $ debit balance, but its bank statement showed a $ balance. b Cheques # for $ and # for $ were outstanding on the September bank reconciliation. Cheque # was returned with the October cancelled cheques, but cheque # was not. It was also found that cheque # for $ and cheque # for $ both written in October, were not among the cancelled cheques returned with the statement. c In comparing the cancelled cheques returned by the bank with the entries in the accounting records, it was found that cheque # for the October rent was correctly written for $ but was erroneously entered in the accounting records as $ d A credit memo enclosed with the bank statement indicated that there was an electronic fund transfer related to a customer payment for $ A $ bank service charge was deducted. This transaction was not recorded by Montrose before receiving the bank statement. e A debit memo for $ listed a $ NSF cheque plus a $ NSF charge. The cheque had been received from a customer, Jefferson Tyler. Montrose had not recorded this bounced cheque before receiving the statement. f Also enclosed with the statement was a $ debit memo for bank services. It had not been recorded because no previous notification had been received. g The October cash receipts, $ were placed in the banks night depository after banking hours on that date and this amount did not appear on the bank statement. Required: Prepare a bank reconciliation for the company as of October
The following information was available to reconcile Montrose Companys book balance of Cash with its bank statement balance as of October :
a
After all posting was completed on October the companys Cash account had a $ debit balance, but its bank statement showed a $ balance.
b
Cheques # for $ and # for $ were outstanding on the September bank reconciliation. Cheque # was returned with the October cancelled cheques, but cheque # was not. It was also found that cheque # for $ and cheque # for $ both written in October, were not among the cancelled cheques returned with the statement.
c
In comparing the cancelled cheques returned by the bank with the entries in the accounting records, it was found that cheque # for the October rent was correctly written for $ but was erroneously entered in the accounting records as $
d
A credit memo enclosed with the bank statement indicated that there was an electronic fund transfer related to a customer payment for $ A $ bank service charge was deducted. This transaction was not recorded by Montrose before receiving the bank statement.
e
A debit memo for $ listed a $ NSF cheque plus a $ NSF charge. The cheque had been received from a customer, Jefferson Tyler. Montrose had not recorded this bounced cheque before receiving the statement.
f
Also enclosed with the statement was a $ debit memo for bank services. It had not been recorded because no previous notification had been received.
g
The October cash receipts, $ were placed in the banks night depository after banking hours on that date and this amount did not appear on the bank statement.
Required:
Prepare a bank reconciliation for the company as of October
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