Company’s bank reconciliation

Reference no: EM13912759

A hotel company carries out a monthly bank reconciliation. At the beginning of November, it found the following concerning the October reconciliation: The bank balance on the bank statement was $3,506, and the bank balance according to the company records was $4,740. Checks #3581 and #3650 in the amounts of $298 and $402, respectively, were still unpaid by the bank. The bank had credited (added) to the company’s bank statement an amount of $356, which the company had earned from a separate savings account it has at the bank. The bank had also debited the bank statement wrongly with a check in the amount of $20 that had not been drawn by the hotel company. There was a $4 service charge on the bank statement. The October 31 deposit of $2,266 had not been recorded as received by the bank on the statement. Prepare the company’s bank reconciliation for October 2003.

Reference no: EM13912759

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