Problem 7-05A a-b (Video) The bank portion of the bank reconciliation for Sheridan Company at October 31, 2020, is shown below. Sheridan Company Bank Reconciliation October 31, 2020 Cash balance per bank Add: Deposits in transit $12,287.90 1,690.20 13,978.10 Less: Outstanding checks Check Number Check Amount $ 1,440.40 784.20 2451 2470 2471 2472 864.50 526.80 2474 1,070.00 4,685.90 $9,292.20 Adjusted cash balance per bank The adjusted cash balance per bank agreed with the cash balance per books at October 31. The November bank statement showed the fo 11-4 Bank Statement Checks and Debits Deposits and Credits Date Number Amount Date Amount 11-1 2470 $ 784.20 11-1 $ 1,690.20 11-2 2471 864.50 11-4 1,131.60 11-5 2474 1,070.00 11-8 890.10 2475 1,620.70 11-13 2,615.00 11-8 2476 2,740.00 11-18 1,532.70 11-10 2477 600.00 11-19 EFT 2,252.00 11-15 2479 1,890.00 11-21 3,045.00 11-18 2480 1,530.00 11-25 2,547.30 11-27 2481 695.40 11-28 1,730.00 11-28 SC 75.00 11-30 1,206.00 11-30 2483 655.50 Total 18,639.90 11-29 2486 1,100.00 Total $13,625.30 The cash records per books for November showed the following. Date 11-1 Number 2475 Number 2483 2476 2484 11-7 11-2 11-2 Cash Payments Amount Date $1,620.70 11-20 2,740.00 11-22 600.00 11-23 518.20 11-24 1,845.00 11-29 1,530.00 11-30 Cash Receipts Date Amount 11-3 $ 1,131.60 890.10 11-12 2,615.00 11-17 1,532.70 11-20 3,054.00 11-24 2,547.30 2477 Amount $ 655.50 829.50 974.80 1,100.00 438.00 840.00 2485 11-4 2478 2486 2487 11-8 2479 11-10 2480 2488 11-15 2481 695.40 Total $15,029.10 11-27 1,730.00 11-18 2482 642.00 11-29 1,206.00 1,204.00 11-30 Total $15,910.70 The bank statement contained two bank memoranda: 1. A credit of $2,252.00 for the collection for Sheridan Company of an electronic funds transfer. 2. A debit for the printing of additional company checks $75.00. At November 30, the cash balance per books was $10,173.80 and the cash balance per bank statement was $17,302.50. The bank did not Using the steps in the reconciliation procedure, prepare a bank reconciliation at November 30, 2020. Sheridan Company Bank Reconciliation $ $