The October bank statement of Brandon€™s Hamburgers just arrived from Safety Bank.

To prepare the bank reconciliation, you gather the following additional data:
a. The following checks are outstanding on October 31:
800 ....................................................................................................................... $384
802 .......................................................................................................................... 77
806 ......................................................................................................................... 30
809 ....................................................................................................................... 161
810 ....................................................................................................................... 224
811 ........................................................................................................................ 42

b. On October 31, Brandon€™s Hamburgers€™ treasurer deposited $300, but this deposit does not appear on the bank statement.
c. The bank statement includes a $733 deduction for a check #1668 written by Amy€™s Apples rather than Brandon€™s Hamburgers. Brandon€™s Hamburgers notified the bank of this bank error.
d. Brandon€™s Cash account shows a balance of $12,100 on October 31.
e. The EFT for $700 was a collection of rent revenue and the EFT deposit for $200 was a collection on account.

Requirements
1. Prepare the bank reconciliation for October 31.
2. Record the journal entries called for by the reconciliation. Include an explanation for eachentry.

Transcribed Image Text:

Bank Statement for October Bal, Oct 1 Deposits EFT-rent EFT-deposit Interest $13,618 S700 200 12 912 807 808 1668 $750 150 733 (1,633) Other Charges Service charge NSF check #998 NSF check #201 s 22 60 166 (248 $12,649 Bal, Oct 31