Solution-Prepare a bank reconciliation on October

Prepare a bank reconciliation on October

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Reference no: EM132635352

Question - Simalan Drive Company's October 31, 2017 bank statement showed a cash balance of $82,370.68 while the company's general ledger Cash account for the same date showed a balance of $87,612.68.

A bank deposit of October 31 for $7,211.10 does not appear on the bank statement.

Cheques # 920 for $947.29, # 991 for $2,843.50, # 1030 for $1,971.34 and # 1064 for $824.66, written in October, had not cleared the bank during October.

Bank service charges for the month were $32.26 which is not recorded by the company

An NSF Cheque for $ 5,200.75 for a customer's cheque returned

A credit memo for $615.32 representing interest income collected by the bank for the company.

Required - Prepare a bank reconciliation on October 31, 2017.

Reference no: EM132635352

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Prepare a bank reconciliation on October

Reference no: EM132635352

Reference no: EM132635352

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