The Tarragon Trading Company's bank statement for the month of November showed a balance per bank of $5,000. The company's Cash account in the general ledger had a balance of $3,440 at 30 November. Other information is as follows:

(1) The bank statement shows a debit memorandum for $50 for cheque printing charges.

(2) The total amount of cheques still outstanding at 30 November amounted to $2,800.

(3) Cash receipts for 30 November recorded on the company's books were $3,100 but this amount does not appear on the bank statement.

(4) The bank included a credit memorandum for $1,460, which represents collection of a customer's note by the bank for the company; principal amount of the note was $1,400, bank charge was $20 and interest was $80. Interest has not been accrued.

(5) Cash sales of $4,900 on 12 November were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for $4,090. The bank credited Tarragon Trading for the correct amount.

(6) The bank returned a dishonoured cheque from a customer for $360.

Required

(a) Prepare a bank reconciliation for the Tarragon Trading Company at 30 November. (4 marks)

(b) Prepare any adjusting entries necessary as a result of the bank reconciliation. (5 marks)