The cash balance per books for Potter Company on September 30 2015 is $10740.93. The following checks and receipts were recorded for the month of October 2015: In addition the bank statement for the month of October is presented below: Check No. 28 was correctly written for $707.62 for a payment on account. The NSF check was from M. Short a customer in settlement of an accounts receivable. An entry had not been made for the NSF check. The credit memo is for the collection of a note receivable including interest of $80 which has not been accrued. The bank service charge is $25.00.
Instructions
(a) Prepare a bank reconciliation at October 31.
(b) Prepare the adjusting journal entries required by the bank reconciliation.

Question

The cash balance per books for Potter Company on September 30 2015 is $10740.93. The following checks and receipts were recorded for the month of October 2015:

In addition the bank statement for the month of October is presented below:

Check No. 28 was correctly written for $707.62 for a payment on account. The NSF check was from M. Short a customer in settlement of an accounts receivable. An entry had not been made for the NSF check. The credit memo is for the collection of a note receivable including interest of $80 which has not been accrued. The bank service charge is $25.00.
Instructions
(a) Prepare a bank reconciliation at October 31.
(b) Prepare the adjusting journal entries required by the bank reconciliation.

Rebecca Lamptey · Accepted Answer

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