The bank portion of the bank reconciliation for Cullumber Company at October 31, 2024, was as follows: CULLUMBER COMPANY Bank Reconciliation October 31, 2024 Cash balance per bank Add: Deposits in transit $11,699 1,600 13,299 Less: Outstanding cheques #2451 $1,200 #2470 970 #2471 897 #2472 463 #2474 1,030 4,560 Adjusted cash balance per bank $8,739 -/1 !!! The adjusted cash balance per bank agreed with the cash balance per books at October 31. The November bank statement showed the following: CULLUMBER COMPANY Bank Statement November 30, 2024 Cheques and Other Debits Date Number Amount Deposits Amount Oct. 31 $11.699 Nov. 31 2470 $970 $1,600 12,329 4 2471 897 11432 5 2475 1,641 1.189 10,980 199 6 2474 1,030 9.950 7 2476 1,930 990 9.010 10 2477 600 8,410 13 2.575 10,985 14 2479 1.750 9.235 18 2480 1,330 1,371 9.276 21 2.966 12.242 10 Ouv 0,720 13 2,575 10,985 14) 2479 1,750 9.235 18 2480 1,330 1.371 9,276 21 2,966 12,242 25 NSF 280 2,567 14,529 26 2481 695 13,834 27 1,650 15,484 28 2486 900 EFT 2,490 17,074 28 2483 521 1.186 17,739 30 LN 2,270 15,469 Additional information from the bank statement: 1. 2. The EFT of $2,490 is an electronic transfer from a customer in payment of its account. The amount includes $60 of interest that Cullumber Company had not previously accrued. The NSF for $280 is a $265 cheque from a customer, Bonita Holdings, in payment of its account, plus a $15 processing fee. The company's policy is to pass on all NSF service charges to the customer. 3. The LN is a payment of a note payable with the bank and consists of $270 interest and $2,000 principal. The company's poncy is to pass on an ior service charges to the customer. 3. The LN is a payment of a note payable with the bank and consists of $270 interest and $2.000 principal. 4. At November 30, the cash balance per books was $11,367. The bank did not make any errors. The cash records per books for November follow. Two errors were made by Cullumber Company. Cash Payments Date Cheque No. Amount Date Cheque No. Amount Nov. 3 2475 $1,641 Nov. 18 2482 $605 3 2476 1.390 20 2483 521 4 2477 600 21 2484 850 6 2478 511 24 2485 958 8 2479 1.750 26 2486 900 10 2480 1,330 28 2487 1,160 14 14 2481 695 Total $12.911 Cash Receipts Date Amount 12% Cash Receipts Date Amount Nov. 3 $1,189 7 990 12 2,575 17 1,371 20 2,699 24 2,567 27 1,650 28 1,186 30 1,312 Total $15,539 (a) Prepare a bank reconciliation at November 30. (List items that increase balance as per bank & books first.) CULLUMBER COMPANY Bank Reconciliation November 30, 2024 Cash balance per bank statement Add: Deposits in transit Less Outstanding cheques