The bank portion of the bank reconciliation for Sunland Company at October 31, 2021, was as follows: SUNLAND COMPANY Bank Reconciliation October 31, 2021 Cash balance per bank Add: Deposits in transit $11.252 1.560 12.812 Less: Outstanding cheques #2451 $1,300 #2470 900 #2471 822 #2472 543 #2474 1,050 4,615 Adjusted cash balance per bank $8.197 The adjusted cash balance per bank agreed with the cash balance per books at October 31. The November bank statement showed the following SUNLAND COMPANY Bank Statement November 30, 2021 SUNLAND COMPANY Bank Statement November 30, 2021 Cheques and Other Debits Number Amount Deposits Date Amount Oct 31 Nov. 3 $11,252 11,912 2470 $900 $1.560 4 2471 822 11,090 5 2475 1,641 1.182 10.631 6 2474 1,050 9.581 7 2476 1,930 990 8.641 10 2477 600 8,041 13 2,575 10,616 14 2479 1,750 8.866 18 2480 1,330 1.374 8,910 10,743 21 1.833 25 NSF 270 2,567 13.040 26 2481 695 12.345 27 1.650 13.995 28 2486 900 EFT 2.510 15.605 28 2483 548 1.186 16,243 30 LN 2,260 13.983 1. Additional information from the bank statement: The EFT of $2.510 is an electronic transfer from a customer in payment of its account. The amount includes $80 of interest that Sunland Company had not previously accrued. The NSF for $270 is a $255 cheque from a customer, Pendray 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. The LN is a payment of a note payable with the bank and consists of $260 interest and $2,000 principal. At November 30. the cash balance per books was $9.425. The bank did not make any errors. 2. 3. 4 The cash records per books for November follow. Two errors were made by Sunland Company Cash Payments Date Number Amount Date Number Amount Nov. 3 2475 $1.641 Nov. 18 2482 $596 3 2476 1.390 20 2483 548 4 2477 600 21 2484 810 6 2478 570 24 2485 970 8 2479 1.750 26 2486 900 10 2480 1,330 28 2487 1.210 14 2481 695 Total $13.010 Cash Receipts Cash Receipts Date Amount Nov. 3 $1,182 7 990 12 2.575 17 1,374 20 1,388 24 2,567 27 1,650 28 1,186 30 1,326 Total $14,238 Prepare a bank reconciliation at November 30. (List items that increase balance as per bank & books first.) SUNLAND COMPANY Bank Reconciliation November 30, 2021 $ Pragere because theres perso UNLUND COMPANY Bank Recandleden Havumber, 2012 > > > > > > > > > > Prepare the necessary adjusting entries at November 30. (Note: 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.) (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.) Date Account Titles and Explanation Debit Credit Nov. 30 (To record receipt from customer & interest earned & to correct error) Nov. 30 >
