The bank portion of the bank reconciliation for Swifty Company at November 30, 2022, was as follows. Swifty COMPANY Bank Reconciliation (Partial) November 30, 2022 Cash balance per bank $14.707.90 Add: Deposits in transit 2,530.20 17.238.10 Less: Outstanding checks Check Number Check Amount 3451 $ 2.260.10 3470 720.10 3471 844 10 IN 3472 1.426.10 3474 1.05110 6:30150 Adjusted cash balance per bank $10.936.00 The adjusted cash balance per bank agreed with the cash balance per books at November 30, The December bank statement showed the following checks and deposits Question 5 of 6 Bank Statement Checks Deposits Date Number Amount Date Amount 12-1 3451 $2,260.10 12-1 $ 2,530.20 12-2 3471 844.10 12-4 1,211.10 12-7 3472 1,426.10 12-8 2,365.10 12-4 3475 1,640.10 12-16 2,672.10 12-8 3476 1,300.10 12-21 2.945.10 12-10 3477 2.130.10 12-26 2567.10 12-15 3479 3,080.10 12-29 2,836,10 12-27 3480 600.10 12-30 1,025,10 12-30 3482 475.60 Total $18, 151.90 12-29 3483 1.140.10 12-31 3485 520.80 Total $15.417.30 The cash records per books for December showed the following The cash records per books for December showed the following Cash Receipts Journal Cash Payments Journal Amount Date Number Date Number Amount Date Amount 12-1 3475 12-20 3482 $475,60 12-3 $ 1,211.10 12-2 3476 $1,640.10 1,300.10 2,130.10 12-22 3483 1.140.10 12-7 2,365.10 12-2 3477 12-23 3484 797.10 12-15 2,672.10 12-4 3478 621.40 12-24 3485 250.80 12-20 2.954.00 12-8 3479 3,080.10 12-30 3486 889.60 12-25 2.567 10 12-10 3480 600.10 Total $13,732.60 12-28 2.836.10 12-17 3481 807.50 12 30 1.025.10 12-31 1690 50 7 Total $17,321.10 The bank statement contained two memoranda: 1 A credit of 56,440.00 for the collection of a $6,300.00 note for Swifty Company plus interest of $160.00 and less a collection fee of $20.00. Swifty Company has not previously recorded any interest on the note A debit of $86.90 for an NSF check written by L. Rees, a customer. At December 31 the check had not been redeposited in the bank 2 At December 31, the cash balance per books was $14,525.10, and the cash balance per the bank statement was $23,795.60. The bank did not make any errors, but two errors were made by Swifty Company Prepare the adjusting entries based on the reconciliation. (Hint: The correction of any errors pertaining to recording checks should be made to Accounts Payable. The correction of any errors relating to recording cash receipts should be made to Accounts Receivable.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, eg. 52.75.) No. Account Titles and Explanation Debit Credit Dec Cash 31 Miscellaneous Expense Notes Receivable Interest Revenue I (To record collection of note recevable by bank) Dec 31 Accounts Receivable Cash To record NSF check) Dec 31 Accounts Payable Cash