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The following is information for Dundee Realty a. Balance per the bank statement dated October 31, 2020, is $27166. b. Balance of the Cash account

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The following is information for Dundee Realty a. Balance per the bank statement dated October 31, 2020, is $27166. b. Balance of the Cash account on the company books as of October 31, 2020, is $5,605. c. $14.740 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, $991 #8709, $12,660 #8801, $680 #8815, $151 e. The bank charged Dundee's account for a $2,380 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 $71. 9. A customer's cheque (Teresa Krant) for $8,060 had been deposited in the bank correctly but was recorded in the accounting records as $8,600 h. Among the cancelled cheques is one for $230 given in payment of an account payable to Decker Company, the bookkeeper had recorded the cheque incorrectly at $320 in the company records. i. The bank statement showed an electronic fund transfer of $23,540 for a customer payment. A bank service fee of $80 was charged j. A bank deposit of October 31 for $13,480 does not appear on the bank statement Required: 1. Prepare a bank reconciliation statement as of October 31, 2020, Required: 1. Prepare a bank reconciliation statement as of October 31, 2020, DUNDEE REALTY Bank Reconciliation October 31, 2020 Bank Statement Company's Books Bank statement balance Add: Book balance Add: Deduct: Deduct: Outstanding cheques: Adjusted bank balance Adjusted book balance Prepare the necessary entries to make the cash account agree with the bank reconciliation adjusted Cash balance as of October 31 View transaction list 1 Record the October bank charges. 2 Record to correct error of customer Teresa Krant's cheque 31 Record to correct the error of payment of an account payable to Decker Company. Credit 4 Record the collection of note less service charge expense. Note: journal entry has been entered Record entry Clear entry View general journal

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