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Prepare bank reconciliation for sun company for oct

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Reference no: EM132696610

Problem 1: Prepare bank reconciliation for Sun Company for Oct 31, 2020 using the following information:

  • The balance on the Oct 31, 2020 bank statement is $42,229.
  • The balance on the cash account in the book on Oct 31, 2020 is $35,344.
  • The accountant mistakenly recorded a $384 cash receipt as $224.
  • The bank mistakenly recorded a deposit of $4,100 made by a different company into Sun Company's account on Oct 20, 2020.
  • The bank statement indicated bank service charges of $54 for Oct 31, 2020.
  • Outstanding cheques as of Oct 31, 2020, amount to $3,894.
  • Deposits in transit as of Oct 31 2020, amount to $1150.
  • Bank charged $65 for an NSF cheque.

Reference no: EM132696610

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