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Part II. Problems (60 points) 1. The Hartman Boat Company's bank statement for the month of November showed a balance per bank of 57,000. The
Part II. Problems (60 points) 1. The Hartman Boat Company's bank statement for the month of November showed a balance per bank of 57,000. The company's Cash account in the general ledger had a balance of $5,650 November 30. Other information is as follows: (1) The total amount of deposits in transit at November 30 amounted to $6,000 (2) The bank statement shows a debit memorandum for $40 for check printing charges (3) The bank included credit memorandum for $2.060 which represents collection of customer's note by the bank for the company: principal amount of the note was $2.000 and interest was 560, (4) The total amount of checks still outstanding at November 30 amounted to S5,800 (5) Check No. 138 was correctly written and paid by the bank for 5409. The cash payment journal reflects an entry for Check No 138 as a debit to Accounts Payable and credit to Cash in Bank for $490 (6) The bank returned an NSF check from a customer for $560, Required: (a) Prepare a bank reconciliation for the Hartman Boat Company at November 30. HARTMAN BOAT COMPANY Bank Reconciliation November 30 Cash Balance per Bank Add: Deduct Adjusted cash balance, November 30 Cash Balance from Company's Records Add: Deduct: Adjusted cash balance, November 30
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