Presented below Is Information related to Scuba Dive Company. The balance according to the books at October 31, 2020, was $99,657.29; cash recelpts recorded during November were $64,805.69; and cash disbursements recorded for November were S76,850.30. The balance according to the bank statement on November 30, 2020, was $82,370.68. The following cheques were outstanding at November 30: Cheque T920 Amount 947.29 #991 2,843.50 #1030 1,971.34 #1064 824.66 Included with the November bank statement and not recorded by the company were a bank deblt memo for $32.26 covering bank charges for the month, a deblt memo for $5,200.75 for a customer's cheque (Marnie Wiesen) returned and marked NSF, and a credit memo for $615.32 representing Interest collected by the bank for Scuba Dive Company. Cash on hand at November 30, which has been recorded and Is awalting deposit, amounted to $7,211.10.
Presented below Is Information related to Scuba Dive Company. The balance according to the books at October 31, 2020, was $99,657.29; cash recelpts recorded during November were $64,805.69; and cash disbursements recorded for November were S76,850.30. The balance according to the bank statement on November 30, 2020, was $82,370.68. The following cheques were outstanding at November 30: Cheque T920 Amount 947.29 #991 2,843.50 #1030 1,971.34 #1064 824.66 Included with the November bank statement and not recorded by the company were a bank deblt memo for $32.26 covering bank charges for the month, a deblt memo for $5,200.75 for a customer's cheque (Marnie Wiesen) returned and marked NSF, and a credit memo for $615.32 representing Interest collected by the bank for Scuba Dive Company. Cash on hand at November 30, which has been recorded and Is awalting deposit, amounted to $7,211.10.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Only 4b question photo please. Thank you!
Transcribed Image Text:Presented below is information related to Scuba Dive Company. The balance according to the books at October 31, 2020, was
$99,657.29; cash recelpts recorded during November were $64,805.69; and cash disbursements recorded for November were
S76,850.30. The balance according to the bank statement on November 30, 2020, was $82,370.68.
The following cheques were outstanding at November 30:
Cheque
Amount
#920
947.29
2,843.50
1,971.34
#991
#1030
#1064
824.66
Included with the November bank statement and not recorded by the company were a bank debit memo for $32.26 covering bank
charges for the month, a debit memo for $5,200.75 for a customer's cheque (Marnie Wlesen) returned and marked NSF, and a credit
memo for $615.32 representing Interest collected by the bank for Scuba Dive Company. Cash on hand at November 30, which has
been recorded and is awalting deposit, amounted to $7,21.10.
Requlred:
a. Prepare a bank reconciliation at November 30, 2020. (Round your answers to 2 decimal places.)
SCUBA DIVE COMPANY
Bank Reconciliation
November 30, 2020
Bank Statement
Company's Books
Bank statement balance
Book balance
Add:
Add:
0.00
0.00
Transcribed Image Text:b. Prepare any Journal entries required to adjust the Cash account at November 30. (Round your answers to 2 decimal places.)
View transaction list
Journal entry worksheet
2
3
>
Record the November bank charges.
Note: Enter debits before credits.
Date
General Journal
Debit
Credit
Nov 30
Record entry
Clear entry
View general journal
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