Mario’s Men’s Shop deposits all receipts in the bank each eve- P.O. 2,3 ning and makes all payments by checL On November 30 its Cash in Bank account has a balance of $1,967.65. The bank statement of November 30 shows a balance of $2,122.25. The following information pertains to reconciling the bank statement:

a. The reconciliation for October, the previous month, showed three checks out¬

standing on October 31: no. 1416 for $85, no. 1419 for $76.50, and no. 1420 for $126. Checks no. 1416 and 1420 were returned with the November bank statement; however, check no. 1419 was not returned.

b. Checks no. 1499 for $39, no. 1516 for $21.60, no. 1517 for $101.50, and no. 1518 for $17 were written during November and have not been returned by the bank.

c. A deposit of $410 was placed in the night depository on November 30 and did not appear on the bank statement.

d. The canceled checks were compared with the entries in the checkbook, and it was observed that check no. 1487, for $78, was written correctly, payable to M. A. Gallo, the owner, for personal use, but was recorded in the check¬
book as $87.

e. A bank debit memo for service charges, $3.

f. A bank credit memo for collection of a note signed by T. R. Schultz, $303, including $300 principal and $3 interest.
Instructions 1. Prepare a bank reconciliation as of November 30, assuming that the debit and credit memos have not been recorded.
2. Record the necessary entries in general journal form.