# OBJECTNE The items on the bank statement are correct. The debit memo is for the payment by the bank of The cash records of Donald Corporation provide the following informaLion: Problem 4-593 Bank Reconciliation Donald Corporaiion received the bank statement shown below for the month of October: Date Checks Deposits Balance 9130 Beg. balance 35 5.205 1012 $1,200$2,950 6.955 1014 50 300 6.605 10.18 900 5.?05 10110 100 60 $35 5.510 1011 3 4,000 9 .5 10 10114 300* 9 .2 10 10.117 525 325 8.360 10119 105 430 20 2,850 10.655 10121 3,110 1.545 10123 65 1.480 10125 250” 110 1.120 10127 90 7.030 10131 25* “ 1.305 5.100 ‘NSF check “Debit mama (Rent Expense) &amp;*#x201C;Sandrine charge Date Item Debit Credit Balance 1011 Balance from 9130$ 6.905 1012 Check #1908 $300 6.605 1015 Check #1909 900 5.705 1016 Check #1910 100 5.605 1016 Check #1911 60 5.545 1011 Check #1912 35 5.510 10112 Deposit #411$4.000 9.510 10115 Check #1913 525 8.985 10116 Check #1914 325 8.660 10111 Check #1915 430 8.230 10111 Check #1916 20 8.210 10118 Deposit#412 2.850 11,060 10118 Check #1911 105 10,955 10120 Check #1918 65 10,890 10120 Check #1919 3.110 T380 10123 Check #1920 110 7.670 10125 Check #1921 90 T580 10129 Check #1922 1.350 6.230 10130 Check #1923 250 5.980 10131 Check #1924 650 5.330 10131 Deposit #413 3.300 8.630 Donald’s office furniture rent expense for October. Required: 1. Prepare a bank reconciliation. (Him: There is one transposition error in the cash account.) 2. Prepare adjusting entries based on the bank reconciliation. 3. What amount is reported for cash in bank on the balance sheet at October 31‘?

### Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
Publisher: Cengage Learning
ISBN: 9781337690881

### Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
Publisher: Cengage Learning
ISBN: 9781337690881

#### Solutions

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Chapter 4, Problem 59BPSB
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