ABC Corporation employs the voucher system in controlling expenses.

The data required to reconcile i

Bank Reconciliation - Oct. 31, 2008:
Balance per bank statement
Add: Deposit in transit
TOTAL
Less: Outstanding Checks:
#606
#611
#613
#614
Adjusted balance per bank

79.27
184.96 OC in Nov
296.61
35.24

Cash Receipts Journal - November:

DATE
AMOUNT
Nov. 1
746.47
3
839.99
8
791.79
10
869.23
15
576.71
17
859.04
22
757.85
18 error in Nov
24
797.90
29
522.95 DIT in Nov

596.08
6,654.09

Check Register - November:

Check # AMOUNT
615
121.89
616
119.44
617
385.53
618
604.84
619
506.88
620
67.25
621
298.66
622
339.33
623
66.20
624
620.13
625
362.77
626
299.37
627
537.01
628
330.95
629
343.76
630
VOID
631
83.95
632
152.68
633
349.86
634
505.65
635
486.39

Deposits per November Bank Statement:

DATE
AMOUNT
Nov. 1
748.8 DIT in Oct
2
746.47
4
839.99
9
791.79
11
869.23
16
576.71
18
859.04
23
775.85
30
797.90

Bank Memorandum - November:

DATE
DESCRIPTION
Nov. 7 CM - Note Collected
(Principal)
(Interest)
18 DM - NSF Check
30 DM - Service Charge

6,501.37
748.80
7,250.17

AMOUNT
600
14
95.03
6.65

REQUIRED:
1. Prepare a bank reconciliation as of Nov. 30,2008. If errors recording receipts or checks or discovered
2. Journalize the adjusting entries.

data required to reconcile its book and bank balances have been abstracted from various documents which are
Bank Balance
8,261.08 Unadjusted Bank Balance in Nov.
522.95 Deposit in Transit (Receipt in Nov. 29)
Outstanding Cheques:
343.76 #629
184.96 #611
349.86 #633
505.65 #634
7,399.80 Adjusted Bank Balance

- November:

36 error in Nov

OC in Nov

OC in Nov
OC in Nov

Checks Paid November Bank Statement:

Check # AMOUNT
606
79.27 OC in Oct
613
296.61 OC in Oct
614
35.24 OC in Oct
615
121.89
616
119.44
617
385.53
618
604.84
619
506.88
620
67.25
621
298.66
622
339.33
623
66.20
624
620.13
625
326.77
626
299.37
627
537.01
628
330.95
631
83.95
632
152.68
635
486.39

pts or checks or discovered, assume that errors were made by ABC Corp.

us documents which are reproduced below:

Book Balance
6,833.48 Unadjusted Book Balance in Nov.
18 Error per Receipt on Nov. 22
36 Error per Chq#625
614 Unrecorded Credit Memo with interest
-95.03 NSF Cheque
-6.65 Interest on NSF Cheque
7,399.80 Adjusted Bank Balance
-

AJEs:
DR - Cash in Bank
CR - Accounts Receivable
To adjust error in Receipt on Nov. 22
DR - Cash in Bank
CR - Accounts Payable
To adjust error in Cheque No. 625

18
-18

36
-36

DR - Cash in Bank
614
CR - Notes Receivable
-600
CR - Interest Income
-14
To record Credit Memo (Principal + Interest)
DR - Accounts Receivable
95.03
DR - Bank Service Charge
6.65
CR - Cash in Bank
-101.68
To record NSF Cheque with bank charge