FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Smith Company started its business on november 1,2020,below is the information needed to prepare a bank reconciliation for the business as at November 30,2020:
i) Balance per bank statement was $34100.
ii)$1300 check drawn by a customer johnson had been marked "NSF"in November and the company received this notice at the beginning of december 2020.
iii)Cash receipts of $8000 recorded on November 2020 were not deposited to bank unti; december 1.
iv)Bank service charge for November 2020 amounted $38 was sent to the company together with the bank statement.
v)Check #620 for $4000 had been issued in November but was npt presented to the bank for payment.
vi)Check #643 for electricity expense cleared the bank for $268 but was erroneously recorded in our books as $240.
vii) A $486 deposit by Easy Co.was erroneously credited to our account by the bank.
viii)the bank statement showed $30 interest earned on the bank for the month of November 2020.
Requieed:
Prepare a
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