Reference no: EM132617653
Question - The following information is available for the Avisa Company for the month of November.
On November 30, after all transactions have been recorded, the balance in the company's Cash account has a balance of $27,202. The company's bank statement shows a balance on November 30 of $29,279.
a. Outstanding checks at November 30 include check #3030 in the amount of $1,525 and check #3556 in the amount of $1,459.
b. The bank statement indicates that the bank collected $780 a note receivable for Avisa. The bank deducted a $10 collection fee.
c. The bank statement shows a $67 NSF check from a customer, J. Brown.
d. A deposit in transit on November 30 totaled $1,675, and did not appear on the bank statement.
e. Examination of the checks on the bank statement with the entries in the accounting records reveals that check #3445 for the payment of an account payable was correctly written for $2,450, but was recorded in the accounting records as $2,540 incorrectly.
f. Included with the bank statement was a debit memorandum in the amount of $25 for bank service charges. It has not been recorded on the company's books.
Required -
1. Make the November bank reconciliation for the Avisa Company?
2. Make the general journal entries to bring the company's book balance of cash into conformity with the reconciled balance as of November 30.