PRACTICE FOR EXAM QUESTION 5 (EXERCISE 26) On November 30, 2024, the bank reconciliation for McLaughlin Drilling Company had no deposits in transit, however the following cheque was still outstanding: # 1158 for $926.00 #1162 for $55.89 # 1173 for $2,346.00 On December 31, the bank balance was $14,081.69. The unadjusted cash balance was $32,695.30. The following is selected information from the December bank statement: Cheques Cleared Date Chq # Other bank transactions Date Amount Transaction $35,000+ Deposit Amount Dec. 1 1158 $926.00 Dec. 2 8 1173 2,346.00 5 252+ Deposit 11 1174 15.89 14 12,985- NSF cheque 19 1176 453.00 22 23 1165 786.25 23 34- Service charge 42.50+ Interest 27 1159 31,622.67 27 3,000+ Deposit The NSF cheque was from a customer in payment of their account of $12,940; the bank included a $45 service charge for a total of $12,985. Information from the company's accounting records follows: Cash Receipts Cash Payments Date Amount Date Cheque # Amount Dec. 1 $35,000 Dec. 4 1174 15.89 3 252 9 1176 435.00 2222 3,000 20 1165 786.25 24 4,000 22 1159 31,622.67 29 1,675 Investigation reveals that cheque #1176 was issued to pay the utilities bill. All deposits are for sales. The bank made no errors. Instructions Prepare a bank reconciliation at December 31, 2024.