balance per books at October 31, $41,256.60; November receipts, $173,528.91; November disbursements, $166,193.54; balance per bank statement at November 30, $56,270.20. The following cheques were outstanding at November 30:
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Included with the November bank statement and not recorded by the company were a bank debit memo for $31.40 covering bank charges for the month, a debit memo for $572.13 for a customer’s cheque returned and marked NSF, and a credit memo for $1,400 representing bond interest collected by the bank in the name of crane company . Cash on hand at November 30 that had been recorded and was not yet deposited amounted to $1,920.40.
(a) Prepare a bank reconciliation proceeding to the correct balance at November 30 for crane company.
(b) Prepare any journal entries that are needed to adjust the Cash account at November 30.