Bank Reconciliation and Related Journal Entries The book balance in the checking account of Lyle's Salon as of November 30 is $3,282 95 The bank statement shows an ending balance of $2,127 By examining last month's bank reconciliation, comparing the deposits and checks written per books and per bank in November, and noting the service charges and other debit and credit memos shown on the bank statement, the following were found An ATM withdrawal of $150 on November 18 by Lyle for personal use was not recorded on the books A bank debit memo issued for an NSF check from a customer of $19 50 A bank credit memo issued for interest of $19 earned during the month On November 30, a deposit of $1,177 was made, which is not shown on the bank statement A bank debit memo issued for $17 50 for bank service charges Checks No 549, 561, and 562 for the amounts of $185, $21, and $9 40, respectively, were written during November but have not yet been received by the bank The reconciliation from the previous month showed outstanding checks totaling $271 95 One of those checks, No 471 for $18 65, has not yet been received by the bank Check No 523 written to a creditor in the amount of $372 90 was recorded in the books as $327 90 Required 1 Prepare the bank reconciliation as of November 30 When required, enter amounts in dollars and cents 2 Prepare the required journal entries When required, enter amounts in dollars and cents If an amount box does not require an entry, leave it blank Bank Reconciliation X 1 Prepare a bank reconciliation as of November 30 When required, enter amounts in dollars and cents Lyle's Salon Bank Reconciliation November 30, 20 Bank statement balance, November 30 Adjusted bank balance Book balance, November 30 Adjusted book balanceGeneral Journal 2 Prepare the required journal entries When required, enter amounts in dollars and cents If an amount box does not require an entry, leave it blank Page DATE ACCOUNT TITLE DOC POST NO REF DEBIT CREDIT 1 20 Nov 30 H N Interest earned for November WJ Ln 30 Un Unrecorded ATM withdrawal CO 9 30 01 10 11 NSF check 12 13 30 14 15 Bank service charge 15 16 16 17 30 18 18 19 Error in recording Check No 523 19

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Bank Reconciliation and Related Journal Entries The book balance in the checking account of Lyle's Salon as of November 30 is $3,282.95. The bank statement

Bank Reconciliation and Related Journal Entries

The book balance in the checking account of Lyle's Salon as of November 30 is $3,282.95. The bank statement shows an ending balance of $2,127. By examining last month's bank reconciliation, comparing the deposits and checks written per books and per bank in November, and noting the service charges and other debit and credit memos shown on the bank statement, the following were found:

An ATM withdrawal of $150 on November 18 by Lyle for personal use was not recorded on the books.
A bank debit memo issued for an NSF check from a customer of $19.50.
A bank credit memo issued for interest of $19 earned during the month.
On November 30, a deposit of $1,177 was made, which is not shown on the bank statement.
A bank debit memo issued for $17.50 for bank service charges.
Checks No. 549, 561, and 562 for the amounts of $185, $21, and $9.40, respectively, were written during November but have not yet been received by the bank.
The reconciliation from the previous month showed outstanding checks totaling $271.95. One of those checks, No. 471 for $18.65, has not yet been received by the bank.
Check No. 523 written to a creditor in the amount of $372.90 was recorded in the books as $327.90.

Required:

1.Prepare the bank reconciliation as of November 30. When required, enter amounts in dollars and cents.

2.Prepare the required journal entries. When required, enter amounts in dollars and cents. If an amount box does not require an entry, leave it blank.

Bank Reconciliation X 1. Prepare a bank reconciliation as of November 30. When required, enter amounts in dollars and cents. Lyle's Salon Bank Reconciliation November 30, 20-- Bank statement balance, November 30 Adjusted bank balance Book balance, November 30 Adjusted book balanceGeneral Journal 2. Prepare the required journal entries. When required, enter amounts in dollars and cents. If an amount box does not require an entry, leave it blank. Page: DATE ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT 1 20-- Nov. 30 H N Interest earned for November WJ Ln 30 Un Unrecorded ATM withdrawal CO 9 30 01 10 11 NSF check 12 13 30 14 15 Bank service charge 15 16 16 17 30 18 18 19 Error in recording Check No. 523 19