BANK RECONCILIATION IN-CLASS EXERCISE DATA The following information is available for Sale Company for the month of November a) On November 30, after all transactions have been recorded, the balance in the company's Cash account has a balance of $27.250. b) The company's bank statement shows a balance on November 30 of $29,100. c) Outstanding checks at November 30 include check #303 in the amount of $1,550 and check #305 in the amount of $1,250. d) A credit memo included with the bank statement indicates that the bank collected $1,900 on a noninterest-bearing note receivable for Safe Co. The bank deducted a $15 collection fee, and credited the remainder of $1,885 to Safe's account. e) A debit memo included with the bank statement shows a $180 NSF check from one customer A deposit placed in the bank's night depository on November 30 totaled $1,825, and did not appear on the bank statement. Another deposit on November 15 totaled $715 did not appear on bank statement because the bank erroneously credited the amount to one of its other customers account. Examination of the checks on the bank statement with the entries in the accounting records reveals that check #304 was issued and correctly cleared for the amount of $1,650 but was recorded incorrectly in the accounting records as $1,560. g) h) Included with the bank statement was a debit memorandum in the amount of $25 for bank service charges. It has not yet been recorded as no prior notification had been received. Bank Statement Cash Balance Add: Subtract Adjusted Cash per Bank Cash Balance per Books Add Subtract Adjusted Cash per books Adjusted Cash per books on November 30 should be A S B S C S 30,925.00 28,840.00 28,855.00 D cannot be determined from information above The net effect on cash account after all adjusting entries is B D ANCO $260 credit $1,590 debit $2.540 debit $2.210 credit