Question
ces Presented below is information related to Scuba Dive Company. The balance according to the books at October 31, 2023, was $99,655.29; cash receipts recorded
ces Presented below is information related to Scuba Dive Company. The balance according to the books at October 31, 2023, was $99,655.29; cash receipts recorded during November were $64,807.69; and cash disbursements recorded for November were $76,848.30. The balance according to the bank statement on November 30, 2023, was $82,368.68. The following cheques were outstanding at November 30: Cheque #920 #991 #1030 #1064 Amount 945.29 2,841.50 1,969.34 822.66 Included with the November bank statement and not recorded by the company were a bank debit memo for $30.26 covering bank charges for the month, a debit memo for $5,198.75 for a customer's cheque (Marnie Wiesen) returned and marked NSF, and a credit memo for $613.32 representing interest collected by the bank for Scuba Dive Company. Cash on hand at November 30, which has been recorded and is awaiting deposit, amounted to $7,209.10. Required: a. Prepare a bank reconciliation at November 30, 2023. (Round your answers to 2 decimal places.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started