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Problem 7-14 (Part Level Submission) Presented below is information related to Sarasota Inc. Balance per books at October 31, $115,081.59; receipts $477,190.75; disbursements $453,457.24. Balance

Problem 7-14 (Part Level Submission) Presented below is information related to Sarasota Inc. Balance per books at October 31, $115,081.59; receipts $477,190.75; disbursements $453,457.24. Balance per bank statement November 30, $154,754.05. The following checks were outstanding at November 30. 1224 $4,497.05 1230 6,787.83 1232 5,844.16 1233 1,325.97 Included with the November bank statement and not recorded by the company were a bank debit memo for $75.35 covering bank charges for the month, a debit memo for $1,023.36 for a customers check returned and marked NSF, and a credit memo for $3,850.00 representing bond interest collected by the bank in the name of Sarasota Inc. Cash on hand at November 30 recorded and awaiting deposit amounted to $5,267.35. Prepare a bank reconciliation (to the correct balance) at November 30, for Sarasota Inc. from the information above.

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