The bank portion of the bank reconciliation for Williams Company at October 31, 2012, was as follows.

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:

The cash records per books for November showed the following.

The bank statement contained two bank memoranda:1. A credit of $1,375 for the collection of a $1,300 note for Williams Company plus interest of $91 and less a collection fee of $16. Williams Company has not accrued any interest on the note.2. A debit for the printing of additional company checks $34. At November 30, the cash balance per books was $5,958, and the cash balance per the bank statement was $9,100. The bank did not make any errors, but two errors were made by Williams Company.Instructions(a) Using the four steps in the reconciliation procedure described on pages 384??385, prepare a bank reconciliation at November 30.(b) Prepare the adjusting entries based on thereconciliation.

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WILLIAMS COMPANY Bank Reconciliation October 31, 2012 Cash balance per bank Add: Deposits in transit $6,000 842 6,842 Less: Outstanding checks Check Number Check Amount 2451 $700 2470 396 2471 464 2472 270 2.408 2474 578 $4,434 Adjusted cash balance per bank