The cash receipts and the cash payments of Meadowvale Bowling for November 2020 are as follows. A (Click the Icon to view the chequebook.) The Cash account of Meadowvale Bowling shows a balance of $16,606 on November 30, 2020. Outstanding amounts from the previous month's bank reconciliation were cheque #1219 for $540, cheque #1218 for $410, and alan) October 31 deposit in the amount of $2,350. On December 7, 2020, Meadowvale Bowling received this bank statement (Click the icon to view the November bank statement. Abbreviation used: chq. = cheque.) Additional data for the bank reconciliation: (Click the icon to view the additional data for the bank reconciliation.) Required Requirement 1. Prepare the bank reconciliation of Meadowvale Bowling at November 30, 2020. Prepare the bank section of the bank reconciliation, and then prepare the book section of the bank reconciliation. (Use parentheses or a minus sign when subtracting subtotals. Abbreviations used: incl. = including.) Meadowvale Bowling Bank Reconciliation i Required November 30, 2020 BANK: Add: 1. Prepare the bank reconciliation of Meadowvale Bowling at November 30 2020 2 Describe how a bank account and the bank reconciliation help Westcastle Bowling's managers control the business's cash. 3. How are outstanding items from the previous month's bank reconciliation that clear on the November bank statement dealt with? Less Cheque No. Print Done Choose from any list or enter any number in the input fields and then continue to the next question. ? Bank Statement tober 31 The cash receipts and the cash payments of Meadowvale Bowling for November 2020 are as follows. (Click the icon to view the choquebook.) The Cash account of Meadowvale Bowling shows a balance of S16,606 on November 30, 2020. Outstanding amounts from the deposit in the amount of $2,350. On December 7, 2020, Meadowvale Bowling received this bank statement (Click the icon to view the November bank statement. Abbreviation used: chq. = cheque.) Additional data for the bank reconciliation: A (Click the icon to view the additional data for the bank reconciliation.) Required Balance 18,223 20,573 21,498 Less: Cheque No. 24,934 24.494 22,594 Bank Statement for November 2020 Description Withdrawals Deposits Date Balance Forward Nov.01 Deposit 2,350 Nov.01 EFT Rent Collection 925 Nov.01 Deposit 3.436 Nov.06 NSF Cheque 440 Nov 08 Cha#001221 1.900 Nov.09 Deposit 510 Nov 10 Cha#001222 1,175 Nov. 13 Cha#01223 450 Nov. 14 Deposit 1.723 Nov. 14 Cha#001224 135 Nov. 15 Deposit 1,350 Nov 15 EFT Insurance 285 Nov. 19 Deposit 425 Nov.20 Cha#001225 816 Nov.22 1218 1219 1220 23,104 21,929 21,479 23,202 23,067 BOOKS: 1221 1222 1223 24,417 1224 Add: 24,132 24,557 Less: 1225 1226 1227 1228 1229 1230 23,741 2004 Choose from any list or enter question. 2 Print Done The cash receipts and the cash payments of Meadowvale Bowling for November 2020 are as follows. (Click the icon to view the chequebook.) The Cash account of Meadowvale Bowling shows a balance of S16,606 on November 30, 2020. Outstanding amounts from the previous month's bank reconciliation were cheque #1219 for $540, cheque #1218 for $410, and a(an) October 31 deposit in the amount of $2,350. On December 7, 2020, Meadowvale Bowling received this bank statement (Click the icon to vlew the November bank statement. Abbreviation used: chq.= cheque.) Additional data for the bank reconciliation: (Click the icon to view the additional data for the bank reconciliation.) Required i Chequebook Requirement 1. Prepare the bank reconciliation of Meadowvale Bowling at November 30, 2020. Prepare the bank section of the bank reconciliation, and then prepare the book section of the bank reconciliation. (Use parentheses ding.) Cash Receipts Cash Payments Meadowvale Bowling (Posting reference is CR) (Posting reference is CP) Bank Reconciliation November 30, 2020 Date Cash Debit Cheque No. Cash Credit Nov. 5 $ 3,436 1221 BANK: $ 1,900 7 510 1222 1,175 13 1,723 1223 450 Adjusted bank balance, November 30, 2020 15 1,350 1224 Balance, November 30, 2020 19 425 1225 816 Correction of bank error 24 920 1226 110 Deposits in transit 30 2.750 1227 4,900 Outstanding cheques: Total 11,114 1228 1,200 1229 345 Choose from any list or enter any number in the input fields and then continue to the next question. 1230 3,100 $ Total 14,131 135 ? The cash receipts and the cash payments of Meadowvale Bowling for November 2020 are as follows. (Click the icon to view the chequebook.) The Cash account of Meadowvale Bowling shows a balance of S16,606 on November 30, 2020. Outstanding amounts from the previous month's bank reconciliation were cheque #1219 for $540, cheque #1218 for $410, and a(an) October 31 deposit in the amount of $2,350. On December 7, 2020, Meadowvale Bowling received this bank statement (Click the icon to view the November bank statement. Abbreviation used: chq. = cheque.) Additional data for the bank reconciliation: (Click the icon to view the additional data for the bank reconciliation.) Required BOOKS i Additional Data Adjusted book balance, November 30, 2020 Balance, November 30, 2020 Bank collection of note receivable incl. interest Correction of book error EFT collection of rent EFT payment of insurance NSF cheque Service charge Requirement 2. Describe how a bank account and the bank reconciliation help Westcastle Bowling's managers control the business's cash. a. The EFT deposit was a receipt of monthly rent. The EFT debit was payment for monthly insurance. b. The NSF cheque was received late in October from a customer. c. The $1,460 bank collection of a note receivable on November 30 included $350 interest revenue d. The correct amount of cheque #1227, a payment on account, is $4,990. (The Meadowvale Bowling accountant mistakenly recorded the cheque for $4,900.) Print Done A bank correct helps control cash by providing a place for safekeeping. A bank helps control cash by ensuring that the company Choose from any list or enter any number in the input fields and then continue to the next question. 2 Requirement 2. Describe how a bank account and the bank reconciliation help Westcastle Bowling's managers control the business's cash. A bank helps control cash by providing a place for safekeeping. A bank helps control cash by ensuring that the company accounts for all of its cash transactions and that the bank and book records of cash are correct. Require account tanding items from the previous month's bank reconciliation that clear on the November bank statement dealt with? reconciliation Items ou is bank reconciliations that clear are as they need to be listed as outstanding if they have been processed by the bank. Choose from any list or enter any number in the input fields and then continue to the next question. ? The cash receipts and the cash payments of Meadowvale Bowling for November 2020 are as follows. A (Click the Icon to view the chequebook.) The Cash account of Meadowvale Bowling shows a balance of $16,606 on November 30, 2020. Outstanding amounts from the previous month's bank reconciliation were cheque #1219 for $540, cheque #1218 for $410, and alan) October 31 deposit in the amount of $2,350. On December 7, 2020, Meadowvale Bowling received this bank statement (Click the icon to view the November bank statement. Abbreviation used: chq. = cheque.) Additional data for the bank reconciliation: (Click the icon to view the additional data for the bank reconciliation.) Required Requirement 1. Prepare the bank reconciliation of Meadowvale Bowling at November 30, 2020. Prepare the bank section of the bank reconciliation, and then prepare the book section of the bank reconciliation. (Use parentheses or a minus sign when subtracting subtotals. Abbreviations used: incl. = including.) Meadowvale Bowling Bank Reconciliation i Required November 30, 2020 BANK: Add: 1. Prepare the bank reconciliation of Meadowvale Bowling at November 30 2020 2 Describe how a bank account and the bank reconciliation help Westcastle Bowling's managers control the business's cash. 3. How are outstanding items from the previous month's bank reconciliation that clear on the November bank statement dealt with? Less Cheque No. Print Done Choose from any list or enter any number in the input fields and then continue to the next question. ? Bank Statement tober 31 The cash receipts and the cash payments of Meadowvale Bowling for November 2020 are as follows. (Click the icon to view the choquebook.) The Cash account of Meadowvale Bowling shows a balance of S16,606 on November 30, 2020. Outstanding amounts from the deposit in the amount of $2,350. On December 7, 2020, Meadowvale Bowling received this bank statement (Click the icon to view the November bank statement. Abbreviation used: chq. = cheque.) Additional data for the bank reconciliation: A (Click the icon to view the additional data for the bank reconciliation.) Required Balance 18,223 20,573 21,498 Less: Cheque No. 24,934 24.494 22,594 Bank Statement for November 2020 Description Withdrawals Deposits Date Balance Forward Nov.01 Deposit 2,350 Nov.01 EFT Rent Collection 925 Nov.01 Deposit 3.436 Nov.06 NSF Cheque 440 Nov 08 Cha#001221 1.900 Nov.09 Deposit 510 Nov 10 Cha#001222 1,175 Nov. 13 Cha#01223 450 Nov. 14 Deposit 1.723 Nov. 14 Cha#001224 135 Nov. 15 Deposit 1,350 Nov 15 EFT Insurance 285 Nov. 19 Deposit 425 Nov.20 Cha#001225 816 Nov.22 1218 1219 1220 23,104 21,929 21,479 23,202 23,067 BOOKS: 1221 1222 1223 24,417 1224 Add: 24,132 24,557 Less: 1225 1226 1227 1228 1229 1230 23,741 2004 Choose from any list or enter question. 2 Print Done The cash receipts and the cash payments of Meadowvale Bowling for November 2020 are as follows. (Click the icon to view the chequebook.) The Cash account of Meadowvale Bowling shows a balance of S16,606 on November 30, 2020. Outstanding amounts from the previous month's bank reconciliation were cheque #1219 for $540, cheque #1218 for $410, and a(an) October 31 deposit in the amount of $2,350. On December 7, 2020, Meadowvale Bowling received this bank statement (Click the icon to vlew the November bank statement. Abbreviation used: chq.= cheque.) Additional data for the bank reconciliation: (Click the icon to view the additional data for the bank reconciliation.) Required i Chequebook Requirement 1. Prepare the bank reconciliation of Meadowvale Bowling at November 30, 2020. Prepare the bank section of the bank reconciliation, and then prepare the book section of the bank reconciliation. (Use parentheses ding.) Cash Receipts Cash Payments Meadowvale Bowling (Posting reference is CR) (Posting reference is CP) Bank Reconciliation November 30, 2020 Date Cash Debit Cheque No. Cash Credit Nov. 5 $ 3,436 1221 BANK: $ 1,900 7 510 1222 1,175 13 1,723 1223 450 Adjusted bank balance, November 30, 2020 15 1,350 1224 Balance, November 30, 2020 19 425 1225 816 Correction of bank error 24 920 1226 110 Deposits in transit 30 2.750 1227 4,900 Outstanding cheques: Total 11,114 1228 1,200 1229 345 Choose from any list or enter any number in the input fields and then continue to the next question. 1230 3,100 $ Total 14,131 135 ? The cash receipts and the cash payments of Meadowvale Bowling for November 2020 are as follows. (Click the icon to view the chequebook.) The Cash account of Meadowvale Bowling shows a balance of S16,606 on November 30, 2020. Outstanding amounts from the previous month's bank reconciliation were cheque #1219 for $540, cheque #1218 for $410, and a(an) October 31 deposit in the amount of $2,350. On December 7, 2020, Meadowvale Bowling received this bank statement (Click the icon to view the November bank statement. Abbreviation used: chq. = cheque.) Additional data for the bank reconciliation: (Click the icon to view the additional data for the bank reconciliation.) Required BOOKS i Additional Data Adjusted book balance, November 30, 2020 Balance, November 30, 2020 Bank collection of note receivable incl. interest Correction of book error EFT collection of rent EFT payment of insurance NSF cheque Service charge Requirement 2. Describe how a bank account and the bank reconciliation help Westcastle Bowling's managers control the business's cash. a. The EFT deposit was a receipt of monthly rent. The EFT debit was payment for monthly insurance. b. The NSF cheque was received late in October from a customer. c. The $1,460 bank collection of a note receivable on November 30 included $350 interest revenue d. The correct amount of cheque #1227, a payment on account, is $4,990. (The Meadowvale Bowling accountant mistakenly recorded the cheque for $4,900.) Print Done A bank correct helps control cash by providing a place for safekeeping. A bank helps control cash by ensuring that the company Choose from any list or enter any number in the input fields and then continue to the next question. 2 Requirement 2. Describe how a bank account and the bank reconciliation help Westcastle Bowling's managers control the business's cash. A bank helps control cash by providing a place for safekeeping. A bank helps control cash by ensuring that the company accounts for all of its cash transactions and that the bank and book records of cash are correct. Require account tanding items from the previous month's bank reconciliation that clear on the November bank statement dealt with? reconciliation Items ou is bank reconciliations that clear are as they need to be listed as outstanding if they have been processed by the bank. Choose from any list or enter any number in the input fields and then continue to the next