Problem 7-14 Presented below is information related to Metlock Inc. Balance per books at October 31, $66,119.60; receipts $274,167.78; disbursements $260,531.79. Balance per bank statement November 30, $88,913.24. The following checks were outstanding at November 30. 1224 1230 1232 1233 $2,583.76 3,899.91 3,357.74 761.83 Included with the November bank statement and not recorded by the company were a bank debit memo for $43.29 covering bank charges for the month, a debit memo for $587.97 for a customer's check returned and marked NSF, and a credit memo for $2,212 representing bond interest collected by the bank in the name of Metlock Inc. Cash on hand at November 30 recorded and awaiting deposit amounted to $3,026.33. Prepare a bank reconciliation (to the correct balance) at November 30, for Metlock Inc. from the information above. (Enter answers to 2 decimal places, e.g. 125.62.) METLOCK INC. Bank Reconciliation November 30 CON $ $ Prepare journal entries required to adjust the cash account at November 30. (Enter answers to 2 decimal places, e.g. 125.62. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record interest) (To record bank service charges) (To record NSF Check) List of Accounts Problem 7-14 Accounts Payable Accounts Receivable Advertising Expense Allowance for Doubtful Accounts Allowance for Sales Returns and Allowances Bad Debt Expense Cash Cash Over and Short Due from Factor Due to Customer Discount on Notes Payable Discount on Notes Receivable Equity Investments Freight-In Freight-Out Gain on Disposal of Land Interest Expense Interest Payable Interest Receivable Interest Revenue Inventory Land Loss on Disposal of Investment Loss on Sale of Receivables Maintenance and Repairs Expense Miscellaneous Expenses No Entry Notes Payable Notes Receivable Office Expense Office Supplies Owner's Drawings Petty Cash Postage Expense Prepaid Postage Purchase Discounts Recourse Liability Sales Discounts Sales Discounts Forfeited Sales Returns and Allowances Sales Revenue Service Revenue Supplies Supplies Expenses Unearned Sales Revenue