Reference no: EM131732991

Question - Prepare a bank reconciliation as of October 31 from the following information:

a. The October 31 cash balance shown on the bank statement is $1,688

b. The October 31 balance shown on the bank statement is $746

c. Checks issued but not returned with the bank statement were No. 462 and $26 and No. 483 for $100

d. A deposit made late on October 31 for $900 is included in the general ledger balance but not in the bank statement balance

e. Returned with the bank statement was a notice that a customer's check for $150 that was deposited on October 25 had been returned because the customer's account was withdrawn

f. During a review of the checks that were returned with the bank statement, it was noted that the amount of Check No. 471 and $64 but that in the company's records supporting the general ledger balance, the check had been erroneously recorded as a payment of an account payable in the amount of $46.