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Prepare any journal entries that would be necessary

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Assignment

Use the following information as help on answering the questions:

A deposit of $5,794.62 is in transit

Outstanding checks total $1,533.25

The book balance is $5,695.62

The bookkeeper recorded a $1,524.00 check as $15,240 in payment of the current months rent

The bank balance on September 30, 2015 was $16,600.25

A deposit of $300 was credited by the bank for $3,000

A customer's check for $1,180 was returned for non sufficient funds

The bank service charge is $70

1) Complete a bank reconciliation as of October 31, 2016.

2) Prepare any journal entries that would be necessary.

Reference no: EM131790882

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