Question

The following is information for Dundee Realty
a. Balance per the bank statement dated October 31, 2020, is $26,830.
b. Balance of the Cash account on the company books as of October 31, 2020, is $5,575.
c. $14.680 of customer deposits were outstanding as of September 30; this amount had been deposited to Dundee's account in October.
d. Cheques written in October that had not cleared the bank as of October 31 were:
#8700. $985
#8709, $12.600
#8801, 9620
#8815, $145.
e. The bank charged Dundee's account for a $2.350 cheque of the E-Zone Networks; the cheque was found among the cancelled cheques
returned with the bank statement.
f. Bank service charges for October amount to $65.
8. A customer's cheque (Teresa Krant) for $7.050 had been deposited in the bank correctly but was recorded in the accounting records as
$7.500.
h. Among the cancelled cheques is one for $260 given in payment of an account payable to Decker Company; the bookkeeper had recorded
the cheque incorrectly at $620 in the company records.
i. The bank statement showed an electronic fund transfer of $22.880 for a customer payment. A bank service fee of $50 was
charged
j. A bank deposit of October 31 for $13,420 does not appear on the bank statement.
Required
1. Prepare a bank
iation statement as of October 31, 2020,
Part 1b-Weighted Average
Bank Reconciliation Question
Bank Reconciliation Answer Shee

Answer 1

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