Raymond Corporation received the following bank statement for the month
Raymond Corporation received the following bank statement for the month of October:
The cash records of Raymond Corporation provide the following information:
The items on the bank statement are correct. The debit memo is for the payment by the bank of
Raymond’s office furniture rent expense for October.
Required:
1. Prepare a bank reconciliation.
2. Prepare adjusting entries based on the bank reconciliation.
3. What amount is reported for cash in bank in the balance sheet at October 31?
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