1 On October 31, Year 1, A company general ledger shows a checking account balance of $8,424. The company's cash receipts for the
month total $74,500, of which $71,340 has been deposited in the bank. In addition, the company has written checks for $72,494, of
which $71,144 has been processed by the bank
20
poir
LOOK
The bank statement reveals an ending balance of $12,384 and includes the following items not yet recorded by the company bank
service fees of $240, note receivable collected by the bank of $5.900, and interest earned on the account balance plus from the note
of $770. After closer inspection, the company realizes that the bank incorrectly charged the company's account $660 for an automatic
withdrawal that should have been charged to another customer's account. The bank agrees to the error
Required:
1. Prepare a bank reconciliation to calculate the correct ending balance of cash on October 31 Year 1 (Amounts to be deducted
should be indicated with a minus sign.)
Print
References
Bank's Cash Balance
Per bank statement
Bank Reconciliation
October 31, Year 1
Company's Cash Balance
Per general ledger
8424
Bank balance per reconciliation
Company balance per reconciliation

Record the amounts that increase cash