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The bank statement contained two bank memoranda:

$1.$ A credit of $\backslash (\backslash$$ $2,375\backslash )$ for the collection of a $\backslash (\backslash$$ $2,300\backslash )$ note for Phillips Company plus interest of $\backslash (\backslash$$ $91\backslash )$ and less a collection fee of $\backslash (\backslash$$ $16\backslash ).$ Phillips Company has not accrued any interest on the note.

$2.$ A debit for the printing of additional company checks $\backslash (\backslash$$ $34\backslash ).$

At November $30,$ the cash balance per books was $\backslash (\backslash$$ $5,958\backslash ),$ and the cash balance per the bank statement was $\backslash (\backslash$$ $9,100\backslash ).$ The bank did not make any errors, but two errors were made by Phillips Company.

INSTRUCTIONS:

$1)$ Prepare a bank reconciliation at November $30.$

$2)$ Prepare the journal entries based on the reconciliation.

NOTE: For any corrections, use Accounts Receivable or Accounts Payable