courses/7705/assignments/54680 Question 1 /7 View Policies Current Attempt in Progress The Sunland Boat Company's bank statement for the month of November showed a balance per bank of $8,800. The company's Cash account in the general ledger had a balance of $7,939 at November 30. Other information is as follows: Cash receipts for November 30 recorded on the company's books were $6,050 but this amount does not appear on the (1) bank statement (2) The bank statement shows a debit memorandum for $40 for check printing charges. (3) Check No. 119 payable to Sheridan Company was recorded in the cash payments journal and cleared the bank for $259.A review of the accounts payable subsidiary ledger shows a $36 credit balance in the account of Sheridan Company and that the payment to them should have been for $295. (4) The total amount of checks still outstanding at November 30 amounted to $5,120. Check No. 138 was correctly written and paid by the bank for $509. The cash payment journal reflects an entry for Check (5) No. 138 as a debit to Accounts Payable and a credit to Cash in Bank for $590. (6) The bank returned an NSF check from a customer for $630. (7) The bank included a credit memorandum for $2,380 which represents a collection of a customer's note by the bank for the company; the principal amount of the note was $2,322 and interest was $58. Interest has not been accrued. Prepare a bank reconciliation for the Sunland Boat Company at November 30. SUNLAND BOAT COMPANY Bank Reconciliation SUNLAND BOAT COMPANY Bank Reconciliation $ $ : a LA 4A 6 Prepare any adjusting entries necessary as a result of the bank reconciliation. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Date Debit Credit Nov. 30 (To correct error in recording) 30 705/assignments/54680 30 (To record collection of note receivable and interest by the bank) 30 (To record check printing charges) 30 (To record NSF check) Submit Answer Attempts: 0 of 1 used Save for Later Send to Gradebook Next