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prepare a bank reconciliation for Big Blue Company for November 30, 2020 using the following information:
- The balance per the November 30, 2020 bank statement is $19,916.65.
- The balance per the November 30, 2020 books is $ 26,411.50.
- The bookkeeper mistakenly recorded a $450.00 cash disbursement (payment) as $530.00.
- The bank mistakenly recorded a deposit of $8,050 made by Big Blue Company on November 10 into another companies bank account.
- The bank statement indicated bank service charges of $25.00 for November.
- Outstanding cheques as of November 30, 2020, amount to $2,550.15.
- Deposits in transit as of November 30, 2020, amount to $1,050.
You can follow the Bank Reconciliation template below. Journal Entries are NOT required.
Template:
Big Blue Company
Bank Reconciliation
Date: ___________________________
Bank
Balance Per Bank Statement:
Add:
Deduct:
Adjusted Cash Balance, Bank
Books
Cash Balance Per Books:
Add:
Deduct:
Adjusted Cash Balance, Books
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