This concept was confusing for me to comprehend and now im having hard time doing this problem. plz help me The bank portion of the bank reconciliation for Hunsaker Company at October 31, 2010, is shown here. HUNSAKER COMPANY Bank Reconciliation October 31, 2010 Cash balance per bank $12,367.90 Add: Deposits in transit 1,530.20 13,898.10 Less: Outstanding checks Check Number Check Amount 2451 $1,260.40 2470 720.10 2471 844.50 2472 426.80 2474 1,050.00 4,301.80 Adjusted cash balance per bank $9,596.30 The adjusted cash balance per bank agreed with the cash balance per books at October 31. The November bank statement showed the following checks and deposits. Bank Statement Checks Deposits Date Number Amount Date Amount 11-1 2470 $720.10 11-1 $1,530.20 11-2 2471 844.50 11-4 1,211.60 11-5 2474 1,050.00 11-8 990.10 11-4 2475 1,640.70 11-13 2,575.00 11-8 2476 2,830.00 11-18 1,472.70 11-10 2477 600.00 11-21 2,945.00 11-15 2479 1,750.00 11-25 2,567.30 11-18 2480 1,330.00 11-28 1,650.00 11-27 2481 695.40 11-30 1,186.00 11-30 2483 575.50 Total $16,127.90 11-29 2486 900.00 Total $12,936.20 The cash records per books for November showed the following. Cash Payments Journal Cash Receipts Journal Date Number Amount Date Number Amount Date Amount 11-1 2475 $1,640.70 11-20 2483 $575.50 11-3 $1,211.60 11-2 2476 2,830.00 11-22 2484 829.50 11-7 990.10 11-2 2477 600.00 11-23 2485 974.80 11-12 2,575.00 11-4 2478 538.20 11-24 2486 900.00 11-17 1,472.70 11-8 2479 1,705.00 11-29 2487 398.00 11-20 2,954.00 11-10 2480 1,330.00 11-30 2488 800.00 11-24 2,567.30 11-15 2481 695.40 Total $14,429.10 11-27 1,650.00 11-18 2482 612.00 11-29 1,186.00 11-30 1,218.00 Total $15,824.70 The bank statement contained two memoranda. 1. A credit of $2,242 for the collection of a $2,100 note for Hunsaker Company plus interest of $157 and less a collection fee of $15. Hunsaker Company has not accrued any interest on the note. 2. A debit for the printing of additional company checks $85. At November 30 the cash balance per books was $10,991.90 and the cash balance per bank statement was $17,716.60. The bank did not make any errors, but two errors were made by Hunsaker Company. Q. Using the four steps in the reconciliation procedure, complete the bank reconciliation at November 30, 2010