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 $11,333 1,560 12,893 Less: Outstanding cheques #2451 $1,100 #2470 850 #2471 773 #2472 534 #2474 1.040 4.297 Adjusted cash balance per bank $8.596 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 $11,333 Nov. 3 2470 $850 $1,560 12,043 2471 773 11,270 = 2475 1641 1169 10,798 2474 ET " " " " h: 8 1,040 9,758 2476 2,910 990 7,838 2477 600 7.238 2.575 9,913 2479 1,750 8,063 2480 1330 1,485 8,218 2.966 11.184 25 NSF 280 2.5 67 13,471 2481 695 12,776 1.650 14.426 2486 900 EFT 2.500 16,026 2483 516 1186 16,696 LN 2.270 14,424 Additional linformation from the bankistataimenti Additional information from the bank statement: 1 2 The EFT of $2,500 is an electronic transfer from a customer in payment of its account. The amount includes $70 of interest that Cullumber Company had not previously accrued. The NSF for $280 is a $265 cheque from a customer, Oriole 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. 4 At November 30, the cash balance per books was $10,431 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 $617 3 2476 2,190 4 2477 600 2478 565 8 2479 1,750 10 2480 1330 2483 516 2484 838 24 2485 953 26 2486 900 28 2487 1,240 14 2481 695 Total $13,835 Cash Receipts Date Amount Nov. 3 $1,169 7 990 12 2,575 17 1,485 20 2,699 24 2,567 27 1,650 2 1,186 30 1.349 Total $15.670 Prepare the necessary journal entries at November 30. (Note: The correction of any errors in the recording of cheques should be made to Accounts Payable except for item 3, which should be made to Notes Payable. The correction of any errors in the recording of cash receipts should be made to Accounts Receivable) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Date Account Titles and Explanation Nov. 30 Nov. 30 (To record EFT receipt and error in recording deposit.) (To record NSF cheque, loan payment, and error in recording cheque.) Debit Credit