Reference no: EM132073693

Question - Refer to the information given below.

a. The October 31 cash balance in the general ledger is $814.

b. The October 31 balance shown on the bank statement is $334.

c. Checks issued but not returned with the bank statement were No. 462 for $16 and No. 483 for $60.

d. A deposit made late on October 31 for $465 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 $82 that was deposited on October 25 had been returned because the customer's account was overdrawn.

f. During a review of the checks that were returned with the bank statement, it was noted that the amount of Check No. 471 was $65 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 $56.

Required: Prepare a bank reconciliation as of October 31 from the above information.