3:355GSearchPractice Bank Rec Problem.xlsxCheck RegisterBank StmtLightman CompanyCheck Register11/30/18DateItemDebitCreditBalance4,930DepositCheck 721Check 722Check 723Check 724Check 725Check 726DepositCheck 727Check 72814-Nov Deposit1-Nov182867581-Nov2867302-Nov56661643-Nov83253324-Nov5452784-NovVOIDED52785-Nov1052687-Nov2024729210-Nov11492-420011-Nov1418-56186480862Check 729DepositCheck 73030-Nov Deposit20-Nov2492-163021-Nov5292366221-Nov152351038847,394The following checks were outstanding on October's bank reconciliation.Check #Amount700$200707$1,000719$520720$920 3:355GSearchPractice Bank Rec Problem.xlsxCheck RegisterBank StmtShoreline National BankStatement Date 11/30/18Statement of: Lightman Company1130 Davis StreetDaily BalancesAmountChecks/DebitsDeposits/CreditsDateCheck No. AmountDateAmountDate2-Nov2-Nov4-Nov4-Nov6-Nov8-Nov12-Nov12-Nov7002002-Nov18281-Nov757070710008-Nov20242-Nov819872092015-Nov64804-Nov725022-Nov26-Nov7212852926-Nov6418723832816 CM8-Nov83887245430-Nov84 IN12-Nov83387261012-Nov8348NSF2014-Nov653412-NovDM1015-Nov1301414-Nov24-Nov26-Nov30-Nov728181422-Nov183067271149224-Nov681473015226-Nov7478SC830-Nov7554|Code:CM - Credit MemoDM - Debit Memo|NSF - Non-SufficientIN - InteresSC - Service ChargeFundsAdditional Info:The NSF check was received from a customer for merchandise. The debit memois the fee for the NSF check. The credit memo represents an $816 note receivablecollected by the bank. Check number 728 for a purchase of merchandise inventorywas incorrectly recorded in the check register as $1,418 instead of $1,814.Prepare a bank reconciliation and journal entries for November 30, 2018.

Check No Amount 719 520 722 566 729 2492 Total 3578

Answered: Prepare a bank reconciliation and…

Business

Accounting

Prepare a bank reconciliation and journal entries for November 30, 2018.

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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