Data Table a. The October 31 bank balance is $6,290 b. The bank statement includ
ID: 2545773 • Letter: D
Question
Data Table a. The October 31 bank balance is $6,290 b. The bank statement includes two charges for NSF checks from customers One is for $370 (#1), and the other is for $180 (#2). The followin C. ndham Healthcare checks are outstanding at October 31 Check No. Amount 237 $ 120 140 570 570 30 110 288 291 294 295 296 d. Wyndham collects from a few customers by EFT. The October bank statement lists a $2,200 EFT deposit for a collection on account. e. The bank statement includes two special deposits that Wyndham hasn't recorded yet: $900 for dividend revenue, and $100 for the interest revenue Wyndham earned on its bank balance during October f. The bank statement lists a $80 subtraction for the bank service charge g. On October 31, the Wyndham treasurer deposited $270, but this deposit does h. The bank statement includes a $750 deduction for a check drawn by i. Wyndham's Cash account shows a balance of S3,200 on October 31 not appear on the bank statement. Multi-State Freight Company. Wyndham notified the bank of this bank error Print DoneExplanation / Answer
S.No. Accounts and Explanation Debit Credit b. Bank Charges (370+180) 550 Cash 550 (to record the bank charges) c. Cash (120+140+570+570+30+110) 1540 Cheques Outstanding 1540 (to record the cheques not yet cleared by the banck Ch. # 237, 288, 291, 294, 295, 296) d. Cash 2200 Accounts receivables 2200 (To record A/R collected by bank) e. Cash 1000 Dividend Income 900 Interest Income 100 (To record dividend and interest income collected by bank) f. Bank Charges 80 Cash 80 (to record the bank charges) g. Deposits 270 Cash 270 (to record the deposit not reflecting in bank statement) h. Multi-State Freight Company 750 Cash 750 (to record the incorrect cheque recorded by the bank) Particulars Amount Balance as per cash account 3,200 Bank Charges -370 Bank Charges -180 Cheques Outstanding 1,540 Accounts receivables 2,200 Dividend Income 900 Interest Income 100 Bank Charges -80 Deposits -270 Multi-State Freight Company -750 Balance as per bank statement 6,290
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