When Sheridan Holdings Ltd. received its bank statement for the month of October, it showed that the company had a cash balance of $18,486 as at October 31. Sheridans general ledger showed a cash balance of $20,380 at that date. A comparison of the bank statement and the accounting records revealed the following information:

1.		Bank service and credit card charges for the month were $7.
2.		A cheque, in the amount of $630, from one of Sheridans customers that had been deposited during the last week of October was returned with the bank statement as NSF.
3.		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.
4.		Sheridan had written and mailed out cheques with a value of $2,520 that had not yet cleared the bank account.
5.		During the month, the bank collected a $2,700 note receivable plus the outstanding interest of $243 on behalf of Sheridan. The interest had already been accrued.
6.		The cash receipts for October 31 amounted to $6,540 and had been deposited in the night drop slot at the bank on the evening of October 31. These were not reflected on the bank statement for October.

SHERIDAN HOLDINGS LTD. Bank Reconciliation October 31 $