Presented below is information related to Simalan Dive Company. The balance according to the books at October 31, 2014, was $99,657.29; cash receipts recorded during November were $64,805.69; and cash disbursements recorded for November was $76,850.30. The balance according to the bank statement on November 30, 2014, was $82,370.68.
The following cheques were outstanding at November 30:
ChequeAmount
#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 bank reconciliation at November 30, 2014.
b. Prepare any journal entries required to adjust the Cash account at November 30.