In: Accounting
Question 4
The October 31 bank statement of Spooky Halloween Costumes Ltd. (SHC) has just arrived from TD Bank. To prepare the SHC bank reconciliation, you gather the following data:
October. This amount was added to SHC’s bank balance.
Cheque # |
Amount |
237 |
$46.10 |
288 |
141.00 |
291 |
578.05 |
293 |
11.87 |
294 |
609.51 |
295 |
8.88 |
296 |
101.63 |
statement.
SHC’s account for another company’s deposit.
cheque received from a donor with the imprint “Unauthorized Signature.” The other is a nonsufficient funds cheque in the amount of $146.67 received from a client.
include an explanation for each entry.