The bank portion of last month's bank reconciliation for Hamptons Limited at October 31 is shown here:

The adjusted cash balance per bank agreed with the cash balance per books after the bank reconciliation at October 31. The November bank statement showed the following:

The cash records per books for November showed the following:

Additional information:
1. The EFT collection was not previously recorded. The collection of the note on November 28 was for $4,400, plus $608 interest. Interest was not previously accrued.
2. EFT payments are recorded when they occur.
3. The bank did not make any errors.
4. Two errors were made by the company: one in recording a cheque and one in recording a cash receipt. The correction of any errors in the recording of cheques should be made to Accounts Payable. The correction of any errors in the recording of cash receipts should be made to Accounts Receivable.
Instructions
(a) Calculate the unadjusted cash balance per books as at November 30, prior to reconciliation.
(b) Prepare the bank reconciliation at November 30.
(c) Prepare any adjusting journal entries required from the reconciliation.

Transcribed Image Text:

HAMPTONS LIMITED Bank Reconciliation October 31 Cash balance per bank Add: Deposits in transit $24,890 3,060 27,950 Less: Outstanding cheques #2472 #2473 #2474 $1,440 1,690 1,008 4,138 Adjusted cash balance $23,812 HAMPTONS LIMITED Bank Statement November 30 Amounts Deducted from Account (Debits) Amounts Added to Account (Credits) Date Description Nov. 1 Cheque, No. 2472 3,060 2 4 8 10 Cheque, No. 2476 Cheque, No. 2477 15 Cheque, No. 2478 3 25 Returned cheque NSEGiasson Developments 26 Cheque, No. 2479 28 EFT, collection of note receivable and interest 30 Cheque, No. 2481 2 29 7 5 34 ,2 3413161116 mbe-4 4 4 4 4 ala 80 81 82 7 u-22222 12285580 2 7-3 3 372