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Journalise the adjusting entries at oct on the book

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Reference no: EM133028229

Question - The following information pertains to ATO LTD.

Cash balance per book, October 31, $5540

Cash balance per book, October 31, $5540

The total amount of cheques still outstanding at 31 october amounted to $2310

Bank collected $400 note for ATO Ltd. in October, plus interest $20 less fee $5. The collection has not been recorded by ATO LTD. and no interest has been accrued.

The bank returned a dishonoured cheque from a customer for $465.

Required -

A. Prepare a bank reconciliation at Oct 31.

B. Journalise the adjusting entries at Oct 31 on the book of ATO Ltd.

Reference no: EM133028229

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