Following is the September 30, 20X4 bank reconciliation for the Quiet Moose Lodge. You are also...

  

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Following is the September 30, 20X4 bank reconciliation for the Quiet Moose Lodge. You are also provided with the October check register and bank statement. Utilize this information to prepare October's bank reconciliation and related adjusting entry. You may assume that any discrepancies between the check register and bank statement relate to recording errors in the accounts of the Quiet Moose, and not the bank. Ending balance per bank statement Add: Deposits in transit Deduct: Outstanding checks # 3444 # 3446 Correct cash balance $175.00 1,908.09 $18,344.07 2,505.55 (2.083.09) $18.766.53 Ending balance per company records Add: Interest earnings Deduct: Service charges Correct cash balance $18,696.53 80.00 (10.00) $18,766,53 Following is the September 30, 20X4 bank reconciliation for the Quiet Moose Lodge. You are also provided with the October check register and bank statement. Utilize this information to prepare October's bank reconciliation and related adjusting entry. You may assume that any discrepancies between the check register and bank statement relate to recording errors in the accounts of the Quiet Moose, and not the bank. Ending balance per bank statement Add: Deposits in transit Deduct: Outstanding checks # 3444 # 3446 Correct cash balance $175.00 1,908.09 $18,344.07 2,505.55 (2.083.09) $18.766.53 Ending balance per company records Add: Interest earnings Deduct: Service charges Correct cash balance $18,696.53 80.00 (10.00) $18,766,53

Answer rating: 100% (QA)

Cash Balance according to Bank Statement Additions Deposit in transit Deductions Outstanding Check ... View the full answer