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The following is information for Dundee Realty: Balance per the bank statement dated October 3 1 , 2 0 2 3 , is $ 2
The following is information for Dundee Realty:
Balance per the bank statement dated October is $
Balance of the Cash account on the company books as of October is $
$ of customer deposits were outstanding as of September ; this amount had been deposited to Dundees account in October.
Cheques written in October that had not cleared the bank as of October were:
# $
# $
# $
# $
The bank charged Dundees account for a $ cheque of the EZone Networks; the cheque was found among the cancelled cheques returned with the bank statement.
Bank service charges for October amount to $
A customers cheque Teresa Krant for $ had been deposited in the bank correctly but was recorded in the accounting records as $
Among the cancelled cheques is one for $ given in payment of an account payable to Decker Company; the bookkeeper had recorded the cheque incorrectly at $ in the company records.
The bank statement showed an electronic fund transfer of $ for a customer payment. A bank service fee of $ was charged.
A bank deposit of October for $ does not appear on the bank statement.
Required:
Prepare a bank reconciliation statement as of October
Prepare the necessary entries to make the Cash account agree with the bank reconciliation adjusted Cash balance as of October
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