How do prepare the reconciliation to company records

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Reference no: EM132760843

The bank statement contained the following two items:

1. A credit of $1905 for the collection of an $1800 note receivable, incorporating interest of $120 and a collection fee of $15. Hands Off has not accrued any interest.

2. A debit for the printing of additional company cheques, $70.

At 30 November the cash balance as per company records was $11 133.90 and the cash balance as per bank statement was $17 394.60. The bank did not make any errors, but two errors were made by Hands Off.

Required:

Problem (a) Do a bank reconciliation as at 30 November

Problem (b) Prepare the reconciliation to company records - cash at bank ledger account.

Reference no: EM132760843

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