a. The October 31 cash balance in the general ledger is $796. b. The October 31 balance shown on the bank statement is $326. c. Checks isued but not returned with the bank statement were No. 462 for $24 and No. 483 for $48. d. A deposit made late on October 31 for $453 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 $80 that was deposited on October 25 had been returned because the customer's account was overdrawn. dwith the hank statement it was noted that the amount of Check No. 471 was $65

a. The October 31 cash balance in the general ledger is $796. b. The October 31 balance shown on the bank statement is $326. c. Checks isued but not returned with the bank statement were No. 462 for $24 and No. 483 for $48. d. A deposit made late on October 31 for $453 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 $80 that was deposited on October 25 had been returned because the customer's account was overdrawn. dwith the hank statement it was noted that the amount of Check No. 471 was $65

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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