Presented below is information related to Simalan Dive Company. The balance according to the books at October 31, 2017, was $99,657.29; cash receipts recorded during November were $64,805.69; and cash disbursements recorded for November were $76,850.30. The balance according to the bank statement on November 30, 2017, was $82,370.68. The following cheques were outstanding at November 30: Cheque Amount #920 .................................................... 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 debit memo for $32.26 covering bank charges for the month, a debit 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 Simalan Dive Company. Cash on hand at November 30, which has been recorded and is awaiting deposit, amounted to $7,211.10. Required: a. Prepare a bank reconciliation at November 30, 2017. b. Prepare any journal entries required to adjust the Cash account at November 30.
Presented below is information related to Simalan Dive Company. The balance according to the books at October 31, 2017, was $99,657.29; cash receipts recorded during November were $64,805.69; and cash disbursements recorded for November were $76,850.30. The balance according to the bank statement on November 30, 2017, was $82,370.68.
The following cheques were outstanding at November 30:
Cheque Amount
#920 .................................................... 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 debit memo for $32.26 covering bank charges for the month, a debit 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 Simalan Dive Company. Cash on hand at November 30, which has been recorded and is awaiting deposit, amounted to $7,211.10.
Required:
a. Prepare a bank reconciliation at November 30, 2017.
b. Prepare any
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