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Before you begin, print out all the pages in this workbook. Gibson Energy Ltd.'s general ledger account for cash in Bank showed the following at

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Before you begin, print out all the pages in this workbook. Gibson Energy Ltd.'s general ledger account for cash in Bank showed the following at December 31, 2019: Cash in Bank Folio Debit Credit Date Nov. 30 Dec. 1-31 Dec. 1-31 Description Balance (overdraft) Cash receipts Cash Payments Acct. No. 101 Balance DR (CR) 221,000 1,034,000 62,000 CRJ10 CDJ21 813,000 972,000 December deposits made and checks issued were as follows: Deposits Checks Date Amount No. Amount Dec. 5 30,000 232 110,000 7 210,000 233 83,000 9 85,000 234 25,000 12 32,000 235 59,000 15 26,000 236 590,000 21 420,000 237 17,000 24 16,000 238 28,000 26 51,000 239 77,000 28 21,000 31 15,000 $906,000 $972,000 The December bank statement showed: First Chartered Bank Gibson Energy Ltd. Bank Statement Month Ended December 31, 2019 Date Type Out In Balance Dec. 3Deposit 70,000 215,000 4 NR XYZ Corp 80,000 295,000 slak 232 110,000 185,000 6 ak 231 70,000 115,000 6 Deposit 30,000 145,000 z Deposit 210,000 355,000 101 ak 234 25,000 330,000 12 ak 236 590,000 (260,000) 13 Deposit 32,000 (228,000) 14 ak 52094 62,000 (290,000) 14 NSF ABC Inc. 7.000 (297.000) 15 Deposit 26,000 (271,000) 16 ak 238 28,000 (299,000) 17 Deposit 420,000 121,000 18 ak 235 59,000 62,000 20 ak 237 17,000 45,000 24 Deposit 16,000 61,000 26 Deposit 51,000 112,000 28 Deposit 21,000 133,000 31 OD int 1,320 131,680 31 SC 60 131,620 drawn in error on Gibson's bank account NR = note receivable collected from XYZ Corp. including interest of: $1.951 NSF = not sufficient funds SC = service charge OD int = overdraft interest expense Outstanding items at November 30, 2019 were as follows: Nov. 30 deposit $70,000 Ok. 231 $70,000 Required: 1 Complete the bank reconciliation at December 31, 2019. 2 Prepare the adjusting journal entries required to make the Cash in Bank account in the general ledger agree with the adjusted cash balance on the December 31 bank reconciliation. Include descriptions

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