The bank portion of last month's bank reconciliation of Prepare bank recon- or Racine Limited at November 30 is shown here:

The adjusted cash balance per bank agreed with the cash balance per books after the bank reconciliation at November 30. The December bank statement showed the following:

The cash records per books for December showed the following:

Additional information:
1. The EFT collection was not previously recorded.
2. EFT payments are recorded when they occur.
3. The bank did not make any errors.
4. One error was made by the company. The correction of any errors in recording cheques should be made to Accounts Payable. The correction of any errors in recording cash receipts should be made to Accounts Receivable.
Instructions
(a) Calculate the unadjusted cash balance per books as at November 30, prior to reconciliation.
(b) Prepare the bank reconciliation at December 31.
(c) Prepare any adjusting journal entries required from the reconciliation.

Transcribed Image Text:

RACINE LIMITED Bank Reconciliation November 30 Cash balance per bank Add: Deposits in transit $14,368 2,530 16,898 Less: Outstanding cheques #3451 #3471 #3474 $2,260 845 1,050 4,155 Adjusted cash balance $12,743 RACINE LIMITED Bank Statement December 31 Amounts Deducted from Account (Debits) Amounts Added to Account Credits Description 14,368 1,212 13,364 7 15 EFT, collection on account, R. Nishimura 2,945 2 24 Returned cheque-NSE Hilo Holdings 2,567 2 7 1,025 30 Cheque, No. 3481 4413 112 13 111-15 20 6 7 1224780222 30 n2 4757-5 295 295 ,0-9,