Use the following to answer questions 21-25 TLC Company's cash ledger reports the following for the month ending October 31, 20XE Deposits Checks Date Amount No. Date 3-Oct $12,500 40ct S2410 10-Oct 18,300 1152 6-Oct 10,040 17-Oct 35,600 1153 15-Oct 27400 1151 1152 15 420 24-Oct 22,100 1154 16-Oct Cash receipts 10/26-10/31 21,300 1155 20-0ct4,600 11 22-Oct 14,200 1157 29-Oct27 500 92,570 $109,800 Balance on October 1 $6,277 Receipts 109,800 Disbursements92,570 Balance on October 31 $23,507 Information from October's bank state ement and company records reveals the following additional information: a) The ending cash balance shown on the bank statement is $47,820. b) Cash receipts of $21,300 from 10/26-10/31 are outstanding Checks 1156 and 1157 are outstanding. ) The deposit on 10/24 includes a customer's check for $360 that did not dlear the bank (NSF check). Check 1154 was written for $4,620 for equipment purchased in October. The bank properly recorded the check for this amount. An automatic withdrawal for October rent was made on October 4 for $1,750. f) 8) TLC's checking account earns interest based on the average daily balance. The amount of interest earned for h) Last year, one of TLC's customers requested their A/R be converted to a Note Receivable (they owed $4,000 to i)) The bank charged the following service fees: $25 for NSF check, $1 for automatic withdrawall for rent payment Prepare a bank reconciliation for October 31, 20XE to assist answering the questions following 41,ao October is $10. TLC). On October 29th, the customer paid $4,240 (S4,000 note amount plus $240 interest) directly to the bank in payment for the amount they owed TLC and $1 for collection of the loan amount from the customer. 37500 - aS Of the total checks written during the month, what amount should be deducted from the bank balance during reconciling the bank account? Page 4-10 Spring 2018 Chapter 4