Problem 7-OSA -b (Video) The bank portion of the bank reconciliation for Novak Corp. at October 31, 2020, is shown below Nova Corp Bank Reconciliation October 31, 2020 Cash balance per bank Add Deposits intrat $12,467.90 1,490.20 13.958.10 Less: Outstanding checks Check Number Check Amount 2470 2471 624.20 364.50 286 1.050.00 2472 4205.90 $9,752.20 Adjusted cash balance per bank The adjusted cash balance per bank agreed with the cash balance per books Other The November bank statement showed the following checks and deposits 414 Bank Statement Checks and Debits Deposits and Credits Date Number Amount Date Amount 11-1 2670 56420 11-1 $190.20 11-2 2471 1,271.60 1.050.00 890.10 2475 1.580 70 11.13 2,655.00 2476 2.100 1.512.10 11-10 2472 11-15 2479 1,810.00 11.21 2845.00 11-18 1.490.00 2,667.30 650 1.670.00 MacBook Air RCES The adjusted cash balance per bank agreed with the cash balance per books at October 31. The November bank statement showed the following checks and deposits Bank Statement Checks and Debits Deposits and Credits Date Number Amount Date Amount 11-1 $ 624.20 11-1 $ 1,490.20 11-2 2471 864.50 11-4 1,271.60 11-5 2474 1,050.00 11-8 890.10 11-4 2475 1,580.70 11-13 2,655.00 11-8 2476 2,810.00 11-18 1,512.70 11-10 2477 600.00 11-19 EFT 2,242.00 11-15 2479 1,810.00 11-21 2,845.00 11-18 2480 1,490.00 11-25 2,667.30 11-27 2481 655.40 11-28 1,670.00 11-28 SC 65.00 11-30 1,186.00 11-30 2483 455.50 Total 18.429.90 11-29 2486 1,140.00 Total $13,145.30 The cash records per books for November showed the following. Cash Receipts Date Number 11-1 2475 11-2 2476 11-2 2477 2478 11-8 2479 11-10 2480 11-15 2481 11-18 2482 Cash Payments Amount Date Number $1,580.70 11-20 2483 2,810.00 11-22 2484 600.00 11-23 2485 518.20 11-24 2486 1,765.00 11-29 2487 1,490.00 11-30 2488 655.40 Total 642.00 Amount $ 455.50 809.50 924,80 1,140.00 438.00 800.00 $14,629.10 Date 11-3 11-7 11-12 11-17 11-20 11-24 11-27 11-29 11-30 Amount $1,271.60 890.10 2,655.00 1,512.70 2,854.00 2,667.30 1,670.00 1,186.00 1.204.00 Total $15.910.70 The bank statement contained two bank memoranda: 1. A credit of $2,242.00 for the collection for Novak Corp. of an electronic funds transfer 2. A debit for the printing of additional company checks 165.00 At November 30, the cash balance per books was $11,033.80 and the cash balance per bank statement was $17,752.50. The bank did not make any errors, but Novak Corp. made two errors