Cryer's Produce, Inc.'s checkbook lists the following:

Cryers’s Produce, Inc.’s November bank statement shows the following:

Requirements
1. Prepare Cryer’s Produce, Inc.’s bank reconciliation on November 30, 2016. How much cash does Cryer’s Produce, Inc., actually have on November 30?
2. Prepare all necessary journal entries for Cryer’s Produce, Inc., to update the Cash account as a result of the bank reconciliation?

Transcribed Image Text:

Check No. Check Date 11/1 5 10 14 15 19 27 28 29 Item Deposit Balance $1,425 1,393 1,498 1,463 1,386 1,186 1,011 312 5,422 West St. Kitchen $ 32 922 Dividends received 923 $ 105 Kingpin Products 924 35 77 200 175 Fauna (payment on account)| 925 926 927 Cash Staples Miller Properties 699 Monthly Sales 5,110 Bal, Nov 1 Deposits: $1,425 105 Checks: No. Amount $ 32 922 923 35 924 177* 925 200 (444) Other Charges: Printed checks $24 Service charge Bal, Nov 30 15 (39) $1,047 *This amount is correct for check no. 924.