Question: Identify the errors in the following bank reconciliation: Alma Co Bankk Reconciliation For the Month Ended November 30, 2015 Cash balance according to bank statement

Identify the errors in the following bank reconciliation:

Alma Co Bankk Reconciliation For the Month Ended November 30, 2015 Cash balance according to bank statement Add: Outstanding cheques $12,090 No. 915 960 964 965 $ 850 615 850 775 Deduct deposit of November 30, not recorded by bank Adjusted balance Cash balance according to company's recards Add: Proceeds of note collected by bank: 3,090 15,180 4,000 $11,180 S 4,430 Principal Interest Service charges $5,000 200 5,200 30 5,230 9,660 Deduct: Cheque returned because of insufficient funds 1,100 4,500 Error in recording November 23 deposit of $6,100 as $1,600 5,600 $ 4,060 Adjusted balance

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