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The following is information for Dundee Realty: a. Balance per the bank statement dated October 31,2023 , is $25,950. b. Balance of the Cash account
The following is information for Dundee Realty: a. Balance per the bank statement dated October 31,2023 , is $25,950. b. Balance of the Cash account on the company books as of October 31, 2023, is $5,545. c. $14,620 of customer deposits were outstanding as of September 30 : this amount had been deposited to Dundee's account in October. d. Cheques written in October that had not cleared the bank as of October 31 were: $8700,$955#8709,$12,540#8801,$560#8815,$139. e. The bank charged Dundee's account for a $2,320 cheque of the E.Zone Networks: the cheque was found among the cancelled cheques returned with the bank statement. f. Bank service charges for October amount to $59. 9. A customer's cheque (Teresa Krant) for $7,050 had been deposited in the bank correctly but was recorded in the accounting records as $7,500. h. Among the cancelled cheques is one for $480 given in payment of an account payable to Decker Company; the bookkeeper had recorded the cheque incorrectly at $840 in the company records 1. The bank statement showed an electronic fund transfer of $22,110 for a customer payment. A bank service fee of $80 was charged. j. A bank deposit of October 31 for $13,350 does not appear on the bank statement. Required: 1. Prepare a bank reconciliation statement as of October 31, 2023. Journal entry worksheet 4 Journal entry worksheet Record to correct error of customer Teresa Krant's cheque. Note: Enter debits before credits. Journal entry worksheet Record to correct the error of payment of an account payable to Decker Company. Note: Enter debits before credits. Journal entry worksheet Record the collection of note less service charge expense. Note: Enter debits before credits
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