g

The bank portion of last month's bank reconciliation for Sunland Limited at October 31 shown here = SUNLAND LIMITED Bank Reconciliation October 31 Cash balance per bank Add: Deposits in transit $24.920 3,126 28,046 Less: Outstanding cheques #2472 $ 1.420 #2473 1.560 #2474 1.075 4,055 Reconciled cash balance $23.991 The reconciled cash balance per bank agreed with the reconciled cash balance per books after the bank reconciliation at October 31. The November bank statement showed the following: SUNLAND LIMITED Bank Statement November 30 Amounts Deducted from Account (Debits) Amounts Added to Account (Credits) Date Description Balance Oct. 31 24.920 Nov. 1 Cheque, No. 2472 1.420 23,500 1 Deposit 3,126 26,626 1.560 25,066 2 Cheque, No. 2473 2.312 27,378 3 Deposit 4 3532 236 7 2170 26 016 8 5.360 20.656 10 1.100 19.556 14 5.500 25.056 Cheque. No 2475 Deposit Cheque, No. 2476 Cheque, No 2477 Deposit Cheque, No. 2478 EFT, salaries Deposit Returned cheque-NSF. Glasson Develodments NSF fee 15 3.200 21856 15 6.600 15 256 5.890 21.146 20 500 20.646 25 7 20.639 25 1.340 19.299 26 Cheque, No. 2479 3400 22699 27 Deposit 28 4.690 27,389 30 1.166 EFT, collection of note receivable and interest Cheque, No. 2481 EFT, salaries Bank service charges 26.223 30 6,600 19.623 30 5 19,618 The cash records per books for November showed the following Cash Receipts Cash Payments Date Amount Date Number Amount Nov. 3 $2.312 Nov. 1 2475 $3.532 7 2.170 2 2476 4.560 2,170 2 2476 4,560 12 5,500 2. 2477 1.100 20 5,908 8 2478 3.200 27 3,400 15 2479 1.340 30 2,109 15 EFT, salaries 6,600 $ 21,399 18 2480 1,255 20 2481 1,166 29 2482 1,820 30 EFI salaries 6,600 $31,173 1111LUI. The EFT collection on November 28 was not previously recorded. The collection of the note was for $ 4,400, plus $ 290 interest. Interest was not previously accrued. EFT payments are recorded when they occur. The bank did not make any errors. Two errors were made by the company: one in recording a cheque and one in recording a cash receipt. The correction of any errors in the recording of cheques should be made to Accounts Payable. The correction of any errors in the recording of cash receipts should be made to Accounts Receivable. Bank Reconciliation November 30 Balance per bank statement 19618 Add Deposits in transit 2.100 21.727 Less vi Outstanding cheques No. 2474 1.075 1.560 No 2473 No 2474 4.055 Reconciled cash balance per bank 23,991 Balance per boots IITTI Add Error in recordine cheque No 2476 Less NSF chaque and fee Less NSF cheque and te EFT collection LOOO Bank service charge Bank service charte 23.991 Reconciled cash balance per books