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Prepare the bank reconciliation for november

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Reference no: EM132624077

Entity A is preparing its November 30, 20x1 bank reconciliation statement. The following information was determined:

Cash balance per accounting books, Nov. 30, 20x1 ?600,000
Cash balance per bank statement, Nov. 30, 20x1 ?860,000
Credit memo ?380,000
Debit memo ? 60,000
Deposits in transit ?100,000
Outstanding checks ? 40,000

Requirement:

Problem 1: Prepare the bank reconciliation.

Reference no: EM132624077

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