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Cheyenne Coffee Limited's bank statement for the month of November 2022 showed a balance per bank of $7,050. The company's general ledger Cash account showed
Cheyenne Coffee Limited's bank statement for the month of November 2022 showed a balance per bank of $7,050. The company's general ledger Cash account showed a balance of $5,709 at November 30. Other information is as follows: 1. Cash receipts for November 30 recorded on the company's books were $5,250, but this amount does not appear on the bank statement. 2. The bank statement shows a debit memorandum for $50 for cheque printing charges. 3. Cheque #119 payable in the amount of $258 to Holt Corporation was recorded in the general journal and cleared the bank for $258. A review of the accounts payable records shows a $27 credit balance in Holt's account and that the total payment should have been for $285. 4. The total amount of cheques outstanding at November 30 was $5,878. 5. Cheque #138 was correctly written and paid by the bank for $429. The cash payment journal reflects an entry for Cheque # 138 as a debit to Accounts Payable and a credit to Cash for $492. 6. The bank returned an NSF cheque from a customer for $610. 7. The bank statement included a deposit for $1,310, which represents the electronic collection of customer accounts which have not yet been recorded on the company's books. +A Prepare a bank reconciliation for Cheyenne Coffee Limited at November 30, 2022. (List items that increase balance first.) CHEYENNE COFFEE LIMITED Bank Reconciliation .. +A $ GA $ CA +A +A
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