When Hirji Holdings Ltd. received its bank statement for the month of October, it showed that the company had a cash balance of $16,780 as at October 31. Hirji's general ledger showed a cash balance of $19,070 at that date. A comparison of the bank statement and the accounting records revealed the following information: 1. 2 3 Bank service charges and debit and credit card processing fees for the month were $65. Acheque in the amount of $575 from one of Hirji's customers that had been deposited during the last week of October was returned with the bank statement as "NSE" Cheque #3421, which was a payment for utilities expenses, had been correctly written for $860 but had been incorrectly recorded in the general ledger as $680. Hirji had written and mailed out cheques with a value of $2,650 that had not yet cleared the bank account During the month, the bank collected a $2,000 note receivable plus the outstanding interest of $180 on behalf of Hirji. The interest had already been accrued by Hirji. The cash receipts for October 31 amounted to $6,300 and had been deposited in the night deposit chute at the bank on the evening of October 31. These were not reflected on the bank statement for October 4. a 5. 6. Cash balance per bank statement 16780 Add Deposits in transit 6300 23080 Less Outstanding cheques 2650 Reconciled cash balance per bank 20430 Cash balance per books $ 12070 Add Note receivable collections $ 2000 Interest receivable collection on note : 180 MacBook Air ODD BO F3 DOO FA F2 F5 F6 F7 FB 19 A * # 3 $ 4 % 5 & 7 6 8 co 9 C V E R Y Y U 0 o S D F G H J 180 Interest receivable collection on note 2180 2150 Less : $ 65 Bank service charges 575 NSF cheque E 180 Cheque #3421 error 820 20430 Reconciled cash balance per books Prepare any journal entries required from the reconciliation. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Oct. 31 (To record EFT collections) 31 (To record account receivable) 31 (To adjust cheque #3421) 31 (To record account receivable) 31 (To adjust cheque #3421) 31 (To record bank service charge)