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Big Baller Inc (BBI) needs to prepare a bank reconciliation for October. The information from BBIs bank statement and cash account has been summarized below.

Bank Statement			Cash Account Records
Balance 10/1/20	$ 67,500		Cash Balance 10/1/20	$ 69,510
Deposits	353,300
Checks Cleared	(257,600)		Checks Received	352,931
NSF Checks	(1,580)
Debit Memos	(2,595)		Checks Written	(260,407)
Interest	52
Book Balance 10/31/20	$ 159,077		Cash Balance 10/31/20	$ 162,034

In addition to the summaries above, a review of the bank statement and cash account reveals the following:

• There were two reconciling items at the end of September a deposit-in-transit for $2,885 (it is included on the October bank statement) and an outstanding check #13303 for $875.
• All checks were written for the correct amount during the period (i.e. BBI is correct if there is a difference).
• All checks received on this account relate to collection of accounts receivable and are deposited upon receipt.
• Bank statement deposits include a credit memo for collection of a $1,684 account (customer sent payment directly to the bank).
• A $4,200 deposit on October 31^st is on the books but does not appear on the bank statement.
• Debit Memos on the bank statement relate to a service charge for new checks ($175) and payment on a Note Payable ($2,200 principal & $220 interest).
• The difference between checks written in October and checks cleared by the bank relates to six checks:
  • Check #13303 for $875 is included on the October bank statement.
  • Checks #13363 for $1,875, #13362 for $362, #13348 for $1,042 and #13356 for $221 are not on the bank statement.
  • Check #13332 for the purchase of equipment is on the bank statement for $575 and on the books for $757.

Use the information above to complete the bank reconciliation below:

Balance per Bank		Balance per Books
Add		Add
Subtract		Subtract
Adjusted Cash Balance		Adjusted Cash Balance

Use the T-accounts below to record the necessary adjustments resulting from the bank reconciliation above.

Cash

PLEASE show all calculations, formulas, etc.

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