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Time left 0:49:07 Bank Reconciliation The Oct 31 bank statement for Malone Ltd had an ending balance of $4,250.12. The cash account according to
Time left 0:49:07 Bank Reconciliation The Oct 31 bank statement for Malone Ltd had an ending balance of $4,250.12. The cash account according to the company's records was $3,433.52 as at the same date. The following additional data was available 1. The company had made a deposit in the night box of $1,200.00 on Oct 31 after the branch was closed. 2. There were outstanding cheques totalling $2,718.60 as at Oct 31. 3. The bank service fee was $40.00 for the month. 4. A cheque in the amount of $650.00 deposited by Malone on May 21 had been returned NSF and the bank charged a $12.00 fee on the item. Malone had not known about the returned item until it received the bank statement. Required: Prepare the bank reconciliation for Malone Let. For the month of October. Enter values in each section in order of highest to lowest dollar value. Malone Ltd Bank Reconciliation as at October 31 Add: Outstanding Cheque(s) Deduct: Reconciled Balance $ 4 Please answer all parts of the question. Add: Deduct: Reconciled Balance 4 4
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