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Presented below is information related to Kingbird Inc. Balance per books at October 31, $132,657.68; receipts $550,070.79; disbursements $522,712.52. Balance per bank statement November
Presented below is information related to Kingbird Inc. Balance per books at October 31, $132,657.68; receipts $550,070.79; disbursements $522,712.52. Balance per bank statement November 30, $178,389.21. The following checks were outstanding at November 30. 1224 $5,183.87 1230 7,824.51 1232 6,736.73 1233 1,528.48 Included with the November bank statement and not recorded by the company were a bank debit memo for $86.86 covering bank charges for the month, a debit memo for $1,179.65 for a customer's check returned and marked NSF, and a credit memo for $4,438 representing bond interest collected by the bank in the name of Kingbird Inc. Cash on hand at November 30 recorded and awaiting deposit amounted to $6,071.82. (a) Prepare a bank reconciliation (to the correct balance) at November 30, for Kingbird Inc. from the information above. (Enter answers to 2 decimal places, eg. 125.62.)
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