instructions Template \\ i i | i The ABC Company maintains a general checking operating account at the WH Bank. W&H provides a bank statement and canceled checks once a month. The cutoff date is the last day of the month. The bank statement for the month of November is summarized as follows: Bank balance November 1, 2021 578,941.21 Deposits (via wires and checks) 926,580.37 Checks and wires processed (625,789.69i Monthly bank service fees (55.00) Wire fees (65.00) Payment on note payable (35,000100) NSF checks (1500.251 Bank balance November 30, 2021 839 111.64 1" "J The ABC's general ledger cash account has a preliminary book balance of $799,156.24 at the end of November. A review of the company records and the bank statements shows the following timing differences: 1. The total manual deposits for November per the general ledger were $716,580.37. The last deposit of $210,000 submitted on November 30th did not clear the bank until November 1st 2. Checks written in November and recorded in the ABC's records that did not clear the bank as of November 30th totaled $400,620.25. 3. The transfer to the operating account from the company's savings account processed on November 30 cleared the bank on November 1 - $110,044.60 125% T View Zoom Add Category Insert Table Chart Text Shape Media Comment Collaborate Format Organize Instructions Template ABC, Inc. Operating cash account November 30, 2021 1. Record all transaction that appear on the bank statements but are not recorded on the books: Preliminary book operating account balance at November 30, 2021: GL account Debit Credit Less bank fees -> record on books Less wire fees -> record on books Less payment on note payable -> record on books Less NSF checks included in deposits -> record on books Adjusted operating account book balance at November 30, 2021: 2. Reconcile bank balance to book balance by listing all timing differences: Balance per bank November 30, 2021 Deposits in transit: Deposits in transit Wire in transit Outstanding checks Balance per books November 30,2021: should be zero