Table 8-3

The October 31stbank reconciliation, the November 30thbank statement and the November 30th general ledger for Black Light Industries is as follows:

Black Light Industries

Bank Reconciliation

October 31, 2017

Balance per General Ledger

$12,747.27

Balance per Bank Statement

$14,991.68

Service Charge

17.50

Outstanding Cheques #566

(1,091.94)

#568

(1,169.97)

Adjusted balance per General Ledger, October 31, 2017

$12,729.77

Adjusted balance per bank statement, October 31, 2017

$12,729.77

Cash

Account No.101

Date

Description

PR

Debits

Credits

Balance

2017-11-01

12,729.77

2017-11-09

Deposit

G1

3,476.87

16,206.64

2017-11-09

Photocopier Lease

G1

1,084.34

15,122.30

2017-11-04

Cheque 569

G1

1,000.81

14,121.49

2017-11-14

Cheque 570

G1

1,600.86

12,520.63

2017-11-15

Cheque 571

G1

791.18

11,729.45

2017-11-20

Deposit

G1

6,401.93

18,131.38

2017-11-26

Cheque 572

G1

5,360.90

12,770.48

2017-11-26

Cheque 573

G1

238.00

12,532.48

2017-11-26

Cheque 574

G1

120.59

12,411.89

2017-11-26

Cheque 575

G2

675.00

11,736.89

2017-11-26

Cheque 576

G2

356.00

11,380.89

2017-11-26

Deposit

G2

1,127.07

12,507.96

2017-11-26

Deposit

G2

884.00

13,391.96

Independent Bank

Account No.

344-77536

Black Light Industries

2653 High Street

Bridgewater, NSB4V 1V8

Period

01-11-17 to 30-11-17

Date

Transaction Description

Cheques

& Debits

Deposits

& Credits

Balance

Balance forward

14,991.68

01-11-17

AFT Leasing Services

1,084.34

13,907.34

Deposit

3,476.87

17,384.21

05-11-17

Cheque 568

1,169.97

16,214.24

14-11-17

Cheque 570

1,600.86

14,613.38

15-11-17

Cheque 566

1,091.94

13,521.44

18-11-17

Loan interest

260.15

13,261.29

Cheque 569

1,000.81

12,260.48

20-11-17

Cheque 571

791.18

11,469.30

Deposit

6,401.93

17,871.23

27-11-17

Cheque 572

5,360.90

12,510.33

28-11-17

Cheque 573

238.00

12,272.33

30-11-17

Interest

4.54

12,276.87

Service Charge

50.16

12,226.71

REQUIRED:Refer to table 8-3.Prepare the November bank reconciliation and the November adjusting entries resulting from the bank reconciliation.