Reference no: EM132599555

Question 1: Prepare bank reconciliation for Jamboree Enterprises for the month ended November 30.

The following information is available as of November 30.

a. On November 30, the company's book balance of cash is $16,380, but its bank statement shows a $38,520 balance.

b. Checks No. 2024 for $4,810 and No. 2026 for $5000 are outstanding.

c. In comparing the canceled checks on the bank statement with the entries in the accounting records, it is found that Check No 2025 in payments of rent is correctly drawn(taken from the bank) for $1000 but is erroneously entered in the accounting records as $880

d. The November 30 deposit of $17,150 was placed in the night depository after banking hours on that date, and this amount does not appear on the bank statement.

e. In reviewing the bank statement, a check written by Jumbo enterprise in the amount of $160 was erroneously drawn against Jamboree's account.

f. The bank statement says that the bank collected a $30,000 note and $900 of interest was earned. These transaction were not recorded by Jamboree prior to receiving the statement.

g. The bank statement lists a $1,100 NSF checked received from a customer, Marilyn Welch. Jamboree had not recorded the return of this check before receiving the statement.

h. Bank service charges for November total $40. These charges was not recorded by Jamboree before receiving