1. The bank portion of the bank reconciliation for Thomas Company at November 30, 2019, is:

THOMAS COMPANY
Bank Reconciliation
November 30, 2019
Cash balance per bank	$14,367.90
Add: Deposits in transit	2,530.20
	16,898.10

Less: Outstanding checks
	Check Number	Check Amount
	3451	$2,260.40
	3470	1,100.10
	3471	824.50
	3472	1,446.80
	3474	1,050.00	6,681.80
Adjusted cash balance per bank			$10,216.30

The adjusted cash balance per bank agreed with the cash balance per books at November 30.

At December 31, the cash balance per books was $12,613.30, and the cash balance per bank statement was $18,878.40. The bank did not make any errors, but Thomas Company made two errors. Assume any error in checks were written for Accounts Payable and all cash receipts were for Accounts Receivable.

The December bank statement showed the following checks and deposits.

Bank Statement
Checks			Deposits
Date	Number	Amount	Date	Amount
12-1	3451	$2,260.40	12-1	$2,530.20
12-2	3470	1,100.10	12-4	1,211.60
12-7	3472	1,446.80	12-8	2,365.10
12-4	3475	1,640.70	12-16	2,632.70
12-8	3476	1,300.00	12-21	2,955.00
12-10	3477	2,130.00	12-26	2,567.30
12-15	3479	3,080.00	12-29	2,836.00
12-27	3480	600.00	12-30	1,025.00
12-28	3482	475.50	BC	2,645.00
12-29	3484	764.00
12-31	3485	540.80
NSF		919.10

Additional information:

1.	BC (Bank Collection) of $2,645 is for the collection of a $2,500 note for Thomas Company plus interest of $160 and less a collection fee of $15.
2.	NSF (Non-sufficient Funds) is for a check from a customer.

The cash records per books for December showed the following.

Cash Payments Journal
Date	Number	Amount	Date	Number	Amount
12-1	3475	$1,640.70	12-20	3482	$475.50
12-2	3476	1,300.00	12-22	3483	1,310.00
12-2	3477	2,130.00	12-23	3484	764.00
12-4	3478	508.20	12-24	3485	450.80
12-8	3479	3,080.00	12-30	3486	1,389.50
12-10 12-17	3480 3481	600.00 807.40

Cash Receipts Journal
Date	Amount
12-3	$1,211.60
12-7	2,365.10
12-15	2,672.70
12-20	2,955.00
12-25	2,567.30
12-28	2,836.00
12-30	1,025.00
12-31	1,220.40

Instructions:

1. Prepare the bank reconciliation for December 31.
2. Prepare the adjusting journal entries required by the bank reconciliation. Tip: utilize a ledger t-account to post your journal entries and determine if you achieve the desired ending cash balance.