ok The following is information for Dundee Realty: a. Balance per the bank statement dated October...
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ok The following is information for Dundee Realty: a. Balance per the bank statement dated October 31, 2023, is $27,938. b. Balance of the Cash account on the company books as of October 31, 2023, is $5,615. c. $14,760 of customer deposits were outstanding as of September 30; this amount had been deposited to Dundee's account in October. d. Cheques written in October that had not cleared the bank as of October 31 were: #8700, $993 #8709, $12,680 #8801, $700 #8815, $153. e. The bank charged Dundee's account for a $2,390 cheque of the E-Zone Networks; the cheque was found among the cancelled cheques returned with the bank statement. f. Bank service charges for October amount to $73. g. A customer's cheque (Teresa Krant) for $8,030 had been deposited in the bank correctly but was recorded in the accounting records as $8,300. h. Among the cancelled cheques is one for $370 given in payment of an account payable to Decker Company, the bookkeeper had recorded the cheque incorrectly at $730 in the company records. i. The bank statement showed an electronic fund transfer of $23,760 for a customer payment. A bank service fee of $90 was charged. j. A bank deposit of October 31 for $13,500 does not appear on the bank statement. Required: 1. Prepare a bank reconciliation statement as of October 31, 2023. ok The following is information for Dundee Realty: a. Balance per the bank statement dated October 31, 2023, is $27,938. b. Balance of the Cash account on the company books as of October 31, 2023, is $5,615. c. $14,760 of customer deposits were outstanding as of September 30; this amount had been deposited to Dundee's account in October. d. Cheques written in October that had not cleared the bank as of October 31 were: #8700, $993 #8709, $12,680 #8801, $700 #8815, $153. e. The bank charged Dundee's account for a $2,390 cheque of the E-Zone Networks; the cheque was found among the cancelled cheques returned with the bank statement. f. Bank service charges for October amount to $73. g. A customer's cheque (Teresa Krant) for $8,030 had been deposited in the bank correctly but was recorded in the accounting records as $8,300. h. Among the cancelled cheques is one for $370 given in payment of an account payable to Decker Company, the bookkeeper had recorded the cheque incorrectly at $730 in the company records. i. The bank statement showed an electronic fund transfer of $23,760 for a customer payment. A bank service fee of $90 was charged. j. A bank deposit of October 31 for $13,500 does not appear on the bank statement. Required: 1. Prepare a bank reconciliation statement as of October 31, 2023.
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To prepare a bank reconciliation statement as of October 31 2023 we need to compare the balances and ... View the full answer
Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
Posted Date:
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