account in October. 4. Cheques written in October that had not cleared the bank as of October 31 were: #8700, $945 # 8709, $12,520 # 8801, $540 #8815, $137. 5. The bank charged Dundee's account for a $2,310 cheque of the E-Zone Networks; the cheque was found among the cancelled cheques returned with the bank statement. 6. Bank service charges for October amount to $57. 7. A customer's cheque (Teresa Krant) for $4,060 had been deposited in the bank correctly but was recorded in the accounting records as $4,600. 8. Among the cancelled cheques is one for $450 given in payment of an account payable to Decker Company; the bookkeeper had recorded the cheque incorrectly at $540 in the company records. 9. The bank statement showed an electronic fund transfer of $21,890 for a customer payment. A bank service fee of $90 was charged. 10. A bank deposit of October 31 for $13,330 does not appear on the bank statement. Required: 1. Prepare a bank reconciliation statement as of October 31, 2023. 2. Prepare the necessary entries to make the Cash account agree with the bank reconciliation adjusted Cash balance as of October 31.

account in October. 4. Cheques written in October that had not cleared the bank as of October 31 were: #8700, $945 # 8709, $12,520 # 8801, $540 #8815, $137. 5. The bank charged Dundee's account for a $2,310 cheque of the E-Zone Networks; the cheque was found among the cancelled cheques returned with the bank statement. 6. Bank service charges for October amount to $57. 7. A customer's cheque (Teresa Krant) for $4,060 had been deposited in the bank correctly but was recorded in the accounting records as $4,600. 8. Among the cancelled cheques is one for $450 given in payment of an account payable to Decker Company; the bookkeeper had recorded the cheque incorrectly at $540 in the company records. 9. The bank statement showed an electronic fund transfer of $21,890 for a customer payment. A bank service fee of $90 was charged. 10. A bank deposit of October 31 for $13,330 does not appear on the bank statement. Required: 1. Prepare a bank reconciliation statement as of October 31, 2023. 2. Prepare the necessary entries to make the Cash account agree with the bank reconciliation adjusted Cash balance as of October 31.

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter8: Sarbanes-oxley, Internal Control, And Cash

Section: Chapter Questions

Problem 18E

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