ACCOUNTING-The cash account for Meers Medical Co. at November 30, 2015,

The cash account for Meers Medical Co. at November 30, 2015,
indicated a balance of $14,470.19. The bank statement indicated a balance of
$14,363.84 on November 30, 2015. Comparing the bank statement and the
accompanying canceled checks and memoranda with the records revealed the
following reconciling items:

a. Checks
outstanding: Check #23 for $215.70; Check #29 for $79.40; Check #31 for $81.13
and Check #33 for $572.24.
b. A
deposit for $700.00 representing receipts for November 30 had been made too
late to appear on the bank statement.
c. Interest
earned on the checking account was $6.49 and Bank Service charges for November
were $32.12.
d. A
check for $707.07 returned with the statement had been incorrectly recorded by
the company as $770.07. The check was for the payment of an account payable.
e. A
deposit for $1,200.00 was incorrectly recorded by the bank as $1,020.00. You
plan on calling the bank tomorrow morning to report the error.
f. A
customer’s check for $212.19 from Nancy Su was returned by the bank because of
insufficient funds.
Instructions:
1. Prepare
a bank reconciliation as of November 30 using the form below.
2. Journalize
the necessary entries based on the reconciliation.
3. After
these entries have been posted, what would be the balance of cash on the
Balance Sheet on 11/30/2015? ______________

Meers Medical Co.
Bank Reconciliation
November 30, 2015

Cash balance according to bank statement:

ADD:

DEDUCT:

ADJUSTED BALANCE:

Cash balance according to company’s records:

ADD:

DEDUCT:

ADJUSTED BALANCE:

Journal entries:
Account Debit Credit