Question

Refer to the information given below:

1. The October 31 cash balance in the generalledger is $846.

2. The October 31 balance shown on the bankstatement is $391.

3. Checks issued but not returned with the bankstatement were No. 462 for $11 and No. 483 for $57.

4. A deposit made late on October 31 for $438 isincluded in the general ledger balance but not in the bankstatement balance.

5. Returned with the bank statement was a noticethat a customer’s check for $76 that was deposited on October 25had been returned because the customer’s account wasoverdrawn.

6. During a review of the checks that werereturned with the bank statement, it was noted that the amount ofCheck No. 471 was $65 but that in the company’s records supportingthe general ledger balance, the check had been erroneously recordedas a payment of an account payable in the amount of $56.

Required:

Prepare a bank reconciliation as of October 31 from the aboveinformation. (Total theentries of the same account together, when entering in the bankreconciliation statement.)

Bank Reconciliation
October 31
Balance per bank			Balance per books
Add:			Add:
		0
		0			0
Deduct:			Deduct:
		0			0
Reconciled balance		$0	Reconciled balance		$0