Using the steps in the reconciliation procedure, prepare a bank reconciliation at November 30, 2022.

Prepare the adjusting entries based on the reconciliation. (Note: 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.)

The bank portion of the bank reconciliation for Pharoah Company at October 31, 2022, is shown below. PHAROAH COMPANY Bank Reconciliation October 31, 2022 Cash balance per bank $12,627.90 Add: Deposits in transit 1,530.20 14,158.10 Less: Outstanding checks Check Number Check Amount 2451 $ 1,260.40 2470 684.20 2471 844.50 2472 427.80 2474 1,050.00 4,266.90 Adjusted cash balance per bank $9,891.20 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 Number Amount Date Amount Date 11-1 2470 $ 684.20 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 1,640.70 11-13 2,575.00 2475 2476 2477 2479 11-10 11-15 1,472.70 2,422.00 ,945.00 2,567.30 2 11-18 2,830.00 11-18 600.00 11-19 EFT 1,730.00 11-21 1,330.00 11-25 695.40 11-28 93.85 11-30 575.50Total 2480 11-27 2481 1,650.00 11-28 SC 1,186.00 11-30 2483 18,549.90 11-29 2486 940.00 Total $13,014.15 The cash records per books for November showed the following. Cash Payments Journal Cash Receipts Journal Date Number Date Amount Amount $1,640.70 Date 11-20 Number 2483 Amount $575.50 11-1 2475 11-3 $ 1,211.60 11-2 2476 2,830.00 11-22 2484 820.65 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 940.00 11-17 1,472.70 11-8 2479 1,703.00 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 $14,458.25 11-27 1,650.00 11-18 2482 612.00 11-29 1,186.00 11-30 1,564.00 Total 16.170.70