Prepare a bank reconciliation as of October 31 from the following
information:
a. The October 31 cash balance in the general ledger is $844.
b. The October 31 balance shown on the bank statement is $373.
c. Checks issued but not returned with the bank statement were No. 462 for $13
and No. 483 for $50.
d. A deposit made late on October 31 for $450 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
$75 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.