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. Star back's bank statement for the month of November 2020 showed a balance per bank of $7,000. The company's general ledger cash account showed
. Star back's bank statement for the month of November 2020 showed a balance per bank of $7,000. The company's general ledger cash account showed a balance of $5,659 at November 30. Other information is as follows: Cash receipts for November 30 recorded on the company's books were $5,200, but this amount does not appear on the bank statement The bank statement shows a debit memorandum for $40 for cheque printing charges Cheque #119 payable in the amount of $248 to Steer Corporation was recorded in the general journal and cleared the bank for $248. A review of the accounts payable records shows a $36 credit balance in Steer's account and that the total payment should have been for $284 The total amount of cheques outstanding at November 30 was $5,800 Cheque #138 was correctly written and paid by the bank for $409. The cash payment journal reflects an entry for Cheque #138 as a debit to accounts payable and a credit to cash for $490 The bank returned an NSF cheque from a customer for $560 The bank statement included a deposit for $1,260, which represents the electronic collection of customer accounts which have not yet been recorded on the company's books Required a) Prepare a bank reconciliation for Star back's at November 30, 2020. b) Prepare any adjusting entries necessary as a result of the bank reconciliation
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