solve part b

(b) Prepare the adjusting entries based on the reconciliation. (Note: The correction of any errors pertaining to recording checks should be made to Accounts Payable. The correction of any errors relating to recording cash receipts should be made to Accounts Receivable. (Credit account titles are automatically indented when arount is entered. Do not indent manually. Round answers to 2 decimal places, s. 5.275,50) Date Nov 30 Account Titles and Explanation Debit Credit (To record electronic funds transfer received by bank) Nov 30 To record charge for printing company checks) Nov 30 To correct error in recording check) Nov 30 To correct error in deposit The bank portion of the bank reconciliation for Sandhill Co. at October 31, 2022, is shown below. SANDHILL CO. Bank Reconciliation October 31, 2022 Cash balance per bank Add: Deposits in transit $12,557.90 1,530.20 14,088.10 Less: Outstanding checks Check Number 2451 2470 2471 2472 2474 Adjusted cash balance per bank Check Amount $ 1.260.40 684.20 844.50 427.80 1.050.00 4,266,90 $9.821.20 The adjusted cash balance per bank agreed with the cash balance per books at October 31. The November bank statement the following checks and deposits. Date 11-1 11-2 11-5 11-4 Checks Number 2470 2471 2474 2475 2476 2477 2479 2480 2481 SC 11-8 11-10 Bank Statement Deposits Amount Date Amount $ 684.20 11-1 $1,530.20 844.50 11-4 1.211.60 1,050.00 11-8 990.10 1,640.70 11-13 2,575.00 2.830.00 11-18 1.472.70 600.00 11-19 EFT 2,387.00 1.730.00 11-21 2.945.00 1,330.00 11-25 2.567.30 695.40 11-28 1,650,00 86.70 11.30 1.186.00 575.50 Total 18.514.90 940.00 $13,007.00 11-15 11-18 11-27 11-28 11-30 11-29 2483 2486 Total The cash records per books for November showed the following Date 11-1 11-2 11-2 11-4 Number 2475 2476 2477 2478 2479 Cash Payments Journal Amount Date Number $1,640.70 11-20 2483 2,830,00 11-22 2484 600.00 11-23 2485 538 20 11-24 2486 1.703.00 11-29 2487 1,330.00 11-30 2488 Amount $575,50 827.80 974.80 940.00 398.00 800.00 $14,465.40 ch Receipts Journal Date Amount 11-3 $1,211.60 11-7 990.10 11-12 2.525.00 11-12 1.472.70 11-20 2.954.00 11-24 2.567.30 11-8 11-10 2480 2481 695.40 Total 11-15 11-18 11-27 1.650.00 2482 612.00 11-29 11-30 1,186.00 1.494.00 Total 16,100.70 The bank statement contained two bank memoranda: 1. A credit of $2,387.00 for the collection from a customer for Sandhill Co. of an electronic funds transfer A debit for the printing of additional company checks $86.70. 2 At November 30, the cash balance per books was $11,506.20 and the cash balance per bank statement was $18,115.50. The bank did not make any errors, but Sandhill Co. made two errors. 4603 November 2012 ak statement 18.115.50 Deposits in transit 1.494.00 19.609.50 Outstanding checks No. 2451 $ - 1.260.40 i No. 2472 427.80 i No. 2478 538 20 i No. 2482 612.00 No. 2484 -827.80 i No. 2485 974.80 i No. 2487 V -398.00 i No. 2488 800.00 5,839.00 De per bank 13.770.50 oks 11.506.20 Electronic funds transfer received 2,387.00 13,893 20 Error in recording check 27.00 Error in deposit 49.00 Check printing charge 8670 i 122.70 ce per books 13.770.50 (b) Prepare the adjusting entries based on the reconciliation (Note: The correction of any errors pertaining to recording checks should be made to Accounts Payable. The correction of any errors relating to recording cash receipts should be made to Accounts Receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, ep.5,275,50) Date Account Titles and Explanation Debit Credit Nov 30 1 (To record electronic funds transfer received by bank) Nov 30 (To record charge for printing company checks) Nov 30 (To correct error in recording check) Nov 30 (To correct error in deposit) e Textbook and Media List of Accounts Attempts: 0 of 3 used Submit