Bank Reconciliation

On November $30,$ Don$$s Dog Services receives its bank statement. The bank statement balance of cash as of November $30$ is $$3,490.$ The company deposits its receipts in the bank and makes all payments by check. There is a $$150$ debit memo on the bank statement. This is for an NSF check written by one of the company$$s customers, R$.$ Jacobs for $$140$ plus a bank fee of $$10.$ The November $28$th deposit for $$154$ was recorded in the company$$s cash account for $$145.$ There is a $$1000$ credit memo on the bank statement. This is for a note receivable collected by the bank on behalf of the company. The note is for customer A$.$ Allen and is $$900$ principle plus $$100$ of interest. There are two other debit memos on the bank statement, the first for $$25$ for a note collection service charge on November $30$ and the second for $$30$ for a check printing charge on November $20.$ On November $30$ the bank credited the company$$s account for $$8$ for interest earned.

The Ledger balance of cash as of November $30$ is $$975.$ Outstanding checks as of November $30$ are number $1945$ for $$2,021,1946$ for $$924,$ and number $1947$ for $$208.$

The accountant notes that the deposit made on November $30$ for $$1,450$ does not appear on the bank statement.

Instructions

$1.$ Complete the bank reconciliation as of November $30$ using the information above. The payroll information in Part $1$ of the exam is not part of this reconciliation.

$2.$ Prepare the necessary journal entries that affected the ledger balance of cash.