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On November 30th, T Company's general ledger shows a checking account balance of $15,000. The company's cash receipts for the month which haven't cleared the

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On November 30th, T Company's general ledger shows a checking account balance of $15,000. The company's cash receipts for the month which haven't cleared the bank yet are $6,000 and checks written by the company this month which have not cleared the bank total $9,800. While comparing the bank statement with the general ledger determined the bank made an error and deposited $1,000 into T's account, which didn't belong to T. The bank statement also reported service fees of $70, interest T earned on their account of $20, and an automatic withdrawal of $350 for the phone bill. The bank statement also showed the bank had collected a $900 note receivable for T. The company realized that one of the checks they wrote was incorrectly recorded in the general ledger, it was written for $500 but they subtracted $550 from their checking account. The bank statement reported the company checking account balance was $20,350 on November 30. Answer the following based on performing a bank reconciliation for T Company. 1. How should the company treat the bank error? (add/sub from bank/general ledger) 2. How should the company treat the company error? (add/sub from bank/ general ledger) 3. What is the general ledger cash balance before reconciliation? $_ 4. What is the bank statement balance before reconciliation? $_ 5. What is the general ledger balance after reconciliation? $_

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