1. (25 points)

Presented below is information related to Haselhof, Inc. Balance per books at October 31 is $41,847.85; November cash receipts $173,523.91; November cash disbursements $164,893.54.

Balance per bank statement on November 30 was $56,274.20. The following checks were outstanding at November 30: #1224 for $1,635.29, #1230 for $2,468.30, #1232 for $2,125.15, and #1233 for $482.17.

Included with the November bank statement and not recorded by the company were a bank debit memo for $27.40 covering bank charges for the month, a debit memo for $372.13 for a customers check returned and marker as NSF, and a credit memo for $1,400.00 representing bond interest collected by the bank in the name of Haselhof, Inc.

Cash on hand at November 30 recorded and awaiting deposit amounted to $1,915.40.

Instructions:

• Prepare a bank reconciliation at November 30, for Haselhof, Inc. from the information above.
• Prepare all required adjusting journal entries to adjust the cash account at November 30.