The November cash records of Stenback, Inc. follow:

Stenback€™s Cash account shows the balance of $6,172 on November 30. On November 30, Stenback received the following bank statement:

Additional data for the bank reconciliation:
a. The EFT deposit was a receipt of rent revenue. The EFT debit was payment of insurance expense.
b. The NSF cheque was received from a customer.
c. The $1,800 bank collection was for a note receivable.
d. The correct amount of cheque 1419 is $214. Stenback, Inc. mistakenly recorded the cheque for $124.
Requirement
Prepare Stenback€™s bank reconciliation on November 30.

Transcribed Image Text:

Cash Payments (CP) Cheque No. Cash Credit Cash Receipts (CR) Date Nov 4 Cash Debit $2,725 530 880 353 2,040 1416 1417 1418 1419 1420 1421 1422 750 93 124 960 210 2,250 14 17 31 Bank Statement for November Beginning Balance Deposits and other additions $ 4,040 Nov 1 S 635 EFT 2,725 10 15 18 31 530 880 1,800 BC $ 452 NSF 6,923 Cheques and other deductions Nov 8 15 (Cheque no. 1416) 19 22 (Cheque no. 1417) 29 (Cheque no. 1418) 31 (Cheque no. 1419) 31 350 EFT 750 93 214 1,913 $9,050 45 SC Ending Balance