Explanation

1. Prepare a Bank Reconciliation for Jamboree Enterprises for the month ended November 30 , 2018. The following information is available to reconcile Jamboree Enterprises' book balance of cash with its bank statement balance as of November 30,2018. 1) After all posting is complete on November 30, 2018, The Company's book balance of cash has AED 32,760 debit balance. But its bank statement shows a balance of 77,040 AED. 2) Cheque No. 2024 for 9,620 AED and Cheque No. 2026 for 10,000 AED are outstanding. 3) In Comparing the cancelled Cheque on the bank statement with the entries in the accounting records, it is found that cheque No. 2025 in payment of rent is correctly drawn for 2,000 AED but is erroneously entered in the accounting records as 1,760 AED. 4) The November 30th deposit of 34,300 AED was placed in a night depositor after banking hours on that date and this amount does not appear on the bank statement. 5) In reviewing the bank statement, a cheque written by Jumbo Corporation in the amount of 320 AED was erroneously drawn against Jamboree Enterprises account. 6) A credit memorandum enclosed with the bank statement indicates that the bank collected a 60,000 AED note and 1,800 AED of related interest on Jamboree behalf. This transaction was not recorded by Jamboree Enterprises prior to receiving the statement. 7) A debit Memorandum lists a NSF cheque AED 2,200 received from a customer, Marilyn Welch, Jamboree had not recorded the return of this cheque before receiving the statement. 8) Bank service charges for the month of November total to 80 AED. Solution