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The following information was provided to reconcile Archdale Company's book balance of Cash with its bank statement balance as of October 31, 2006: a)
The following information was provided to reconcile Archdale Company's book balance of Cash with its bank statement balance as of October 31, 2006: a) b) c) d) e) Required: 1. After all, posting was completed on October 31st, the company's cash account had a $26,193 debit balance, but its bank statement showed $28,020 balance. Cheques # 3031 for $1,380, #3065 for $336 and # 3069 for $2,148 were not recored by the bank and among the cancelled cheques. A debit memorandum for $805 listed an NSF cheque for Jefferson Tyler. This bounced cheque was not recorded by the bookkeeper. The October 31st cash receipts, $1,197 were placed in the bank's night depository after banking hours on that date and this amount did not appear on the bank statement. Also enclosed with the statement was a $35 debit memorandum for bank services. It has not been recorded as no notification was received by the bookkeeper. Prepare the bank reconciliation for Archdale Company as at October 31st, 2006 and any adjusting entries required. 2. On the balance sheet what amount will be shown for cash?
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