Question: PROBLEM The following errors were found when the controller at Mitra Hotel was doing the October 31 bank reconciliation. 1. On October 3 , Mitra
PROBLEM The following errors were found when the controller at Mitra Hotel was doing the October 31 bank reconciliation. 1. On October 3 , Mitra recorded a payment of an account payabie at a different amount than the correct amount recorded by the bank. 2. On October 16, Mitra recorded a deposit for the collection of an account receivable at a different amount than the correct amount recoeded by the bank. Recorded by Nitra Coerect amount recorded by bank Required: Provide input into cells shaded in yellow in this template, Input the required mathematical formulas or functions with cell references to the Problem area or work area as indicated. a. For each of these errors, indicate if and how it would be shown on the bank reconcliation, b. For each of these errors, prepare the journat entry for Mitra if required. 3. On October 31, Mitra conrectly recorded a deposit for the collection of an account receivable at a different amount than which was recorded by the bank. This ertor was corrected by the bank on November 1 . Correct amount fecorded by Mitra 51,350 Recorded by bank on octobet 31 3.150
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