Bank reconciliation Prepare a bank reconciliation as of October 31 from the following information: a....
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Accounting
Bank reconciliation Prepare a bank reconciliation as of October 31 from the following information:
a.
The October 31 cash balance in the general ledger is $1,688.
b.
The October 31 balance shown on the bank statement is $746.
c.
Checks issued but not returned with the bank statement were No. 462 for $26 and No. 483 for $100.
d.
A deposit made late on October 31 for $900 is included in the general ledger balance but not in the bank statement balance.
e.
Returned with the bank statement was a notice that a customers check for $150 that was deposited on October 25 had been returned because the customers account was overdrawn.
f.
During a review of the checks that were returned with the bank statement, it was noted that the amount of Check No. 471 was $64 but that in the companys records supporting the general ledger balance, the check had been erroneously recorded as a payment of an account payable in the amount of $46.
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