The bank portion of last month's bank reconciliation for Sunland Limited at October 31 is shown here: SUNLAND LIMITED Bank Reconciliation October 31 Cash balance per bank Add: Deposits in transit $24,920 3,126 28,046 Less: Outstanding cheques #2472 $1,420 #2473 1,560 #2474 1,075 4,055 Reconciled cash balance $23,991 The reconciled cash balance per bank agreed with the reconciled cash balance per books after the bank reconciliation at October 31. The November bank statement showed the following: Date Description SUNLAND LIMITED Bank Statement November 30 Amounts Deducted from Account (Debits) Amounts Added to Account (Credits) Balance 24,920 Oct. 31 Nov. 1 Cheque, No. 2472 1,420 23,500 1 Deposit 3,126 26,626 2 Cheque, No. 2473 1,560 25,066 3 Deposit 2,312 27,378 4 Cheque, No. 2475 3,532 23,846 2,170 7 Denneit 26,016 4 Cheque, No. 2475 3,532 23,846 7 Deposit 2,170 26,016 8 Cheque, No. 2476 5,360 20,656 10 Cheque, No. 2477 1,100 19,556 14 Deposit 5,500 25,056 15 Cheque, No. 2478 3,200 21,856 15 EFT, salaries 6,600 15,256 20 Deposit 5,890 21,146 25 Returned cheque-NSF, Giasson Developments 500 20,646 25 NSF fee 7 20,639 26 Cheque, No. 2479 1,340 19,299 27 Deposit 3,400 22,699 28 EFT, collection of note receivable and interest 4,690 27,389 10 Cheque, No. 2477 1,100 19,556 14 Deposit 5,500 25,056 15 Cheque, No. 2478 3,200 21,856 15 EFT, salaries 6,600 15,256 20 Deposit 5,890 21,146 25. Returned cheque-NSF, Giasson Developments 500 20,646 25 NSF fee 7 20,639 27 222330 26 Cheque, No. 2479 1,340 19,299 Deposit 3,400 22,699 28 EFT, collection of note receivable and interest 4,690 27,389 30 Cheque, No. 2481 EFT, salaries 30 Bank service charges 1,166 26,223 6,600 19,623 5 19,618 Cash Receipts Cash Payments Number Date Amount Date Amount Nov. 3 $2,312 Nov. 1 2475 $3,532 7 2,170 2 2476 4,560 2220 12 5,500 2 2477 1,100 5,908 00 2478 3,200 27 3,400 15 2479 1,340 30 2,109 15 EFT, salaries 6,600 $21,399 18 2480 1,255 20 2481 1,166 29 2482 1,820 30 30 EFT, salaries 6,600 $31,173 22 29 2482 1,820 30 EFT, salaries 6,600 $31,173 Additional information: 1. The EFT collection on November 28 was not previously recorded. The collection of the note was for $4,400, plus $290 interest. Interest was not previously accrued. 2. EFT payments are recorded when they occur. 3. The bank did not make any errors. 4. Two errors were made by the company: one in recording a cheque and one in recording a cash receipt. The correction of any errors in the recording of cheques should be made to Accounts Payable. The correction of any errors in the recording of cash receipts should be made to Accounts Receivable. Prepare the bank reconciliation at November 30. (List items that increase balance as per bank & books first.) Balance per bank statement Add Deposits in transit Less No. 2474 No. 2480 Outstanding cheques SUNLAND LIMITED Bank Reconciliation November 30 1075 1255 19618 2109 21727