CHAPTERZ 4) Adams Company received a bank statement for November, as follows: From: Central Bank, Brooklyn, NY 11201 To: Adams Company, 1652 Bond Street, Brooklyn, NY 11212 DEPOSITS BALANCE DATE Nov CHECKS $8,921.78 2,482.53 5,164.78 5,096.12 12.00 SC 17 1,740.00 CM 251.92 4,646.19 26 197.11 NSF 2,791.24 $ 5,794.61 sc = service charge CM Credit Memo NSF Check returnecd DM Debit Memo The receipt of $1,740 on November 17 was for a $1,725 note collected by the bank, plus $20 current interest, minus a $5 service charge. Information from Adams Company records CASH DISBURSEMENTS CASH RECEIPTS Check No. 155 2,482.53 156 157 158 159 160 November 6 $ 5,069.12 5,164.78 215.92 623.65 4,646.19 1,838.40 2,791.24 29 All receipts were verified twice and confirmed to be correct The company noted that check # 157 was recorded correctly by the bank; the check was written in payment of an invoice from a supplier of office supplies. Cash balance on November 30 as per company books: Required $ 2,819.59 Prepare the bank reconciliation on November 30, for the Adams Company Prepare the appropriate journal entries that Adams should record as a result of the 1) 2) reconciliation