Question
Presented below is information related to Scuba Dive Company. The balance according to the books at October 31, 2020, was $99,650.29; cash receipts recorded during
Presented below is information related to Scuba Dive Company. The balance according to the books at October 31, 2020, was $99,650.29; cash receipts recorded during November were $64,812.69; and cash disbursements recorded for November were $76,843.30. The balance according to the bank statement on November 30, 2020, was $82,363.68. The following cheques were outstanding at November 30: Cheque #920 #991 #1030 #1064 Amount 940.29 2,836.50 1,964.34 817.66 4 Included with the November bank statement and not recorded by the company were a bank debit memo for $25.26 covering bank charges for the month, a debit memo for $5,193.75 for a customer's cheque (Marnie Wiesen) returned and marked NSF, and a credit memo for $608.32 representing interest collected by the bank for Scuba Dive Company. Cash on hand at November 30, which has been recorded and is awaiting deposit, amounted to $7,204.10. Required: a. Prepare a bank reconciliation at November 30, 2020. (Round your answers to 2 decimal places.) Bank Statement Bank statement balance Add: SCUBA DIVE COMPANY Bank Reconciliation November 30, 2020 Book balance Add: Company's Books
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