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I need the answers ASAP please. thank you. On November 30, 2019, Golden Eye company had a cash balance per books of $49,553. The bank
I need the answers ASAP please. thank you.
On November 30, 2019, Golden Eye company had a cash balance per books of $49,553. The bank statement from New York State Bank on that date showed a balance of $54,067. A comparison of the statement with the cash account revealed the following: 1. A $3,300 note receivable was collected by the bank for Golden Eye Company on November 30 plus $120 interest. The bank charged a collection fee of $53. No interest has been accrued on the note. 2. Golden Eye company wrote check no. 322 for $3,752 and the bank correctly paid that amount. However, Golden Eye recorded the check as $3,572. 3. On November 30, the bank statement showed an NSF charge of $1,285 for a check issued by Sara Thomas, a customer, to Golden Eye company on account. 4. November 30 deposits of $2,977 (Received by bank on December 1). 5. Included with the cancelled checks was a check (totalled $1,824) issued by Antoni Simson (a customer) to Starlight company for services provided. The bank deposited the money to Golden Eye company account. 6. The statement included a debit memo of $22 for Safety deposit box rent. 7. Outstanding checks on November 30 totalled $4,327. 8. Cash sales of $1,284 on November 14 were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for $1,824. The bank credited Golden Eye company for the correct amount. Prepare the Golden Eye company Bank reconciliation statement for November 2019Step by Step Solution
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