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3. Muscat Traders LLC's books show a cash balance at the Bank Muscat on November 30, 2020 of OMR 20,502. The bank statement covering the
3. Muscat Traders LLC's books show a cash balance at the Bank Muscat on November 30, 2020 of OMR 20,502. The bank statement covering the month of November shows an ending balance of OMR 22,190. An examination of Muscat Traders' accounting records and the bank statement identified the following reconciling items. a. A deposit of OMR 3,855 made by the Muscat Traders does not appear in the bank statement and is still in transit. b. Outstanding cheques not charged to the November bank statement is OMR 5,001. c. Muscat Traders does not record interest on bonds collected by the bank on November 20 (Credit Memo transaction) in its books OMR 780. d. Muscat Traders does not record the following Debit Memo transactions. Bank Service charges OMR 18 NSF cheque returned OMR 220 (5 Marks) Prepare a bank reconciliation statement as on November 30, 2020. Bank Reconciliation Statement as on November 30, 2020
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