Essay
Based on the following information,prepare the November bank reconciliation for the Avisa Company.
The following information is available for the Avisa Company for the month of November:
a.On November 30,after all transactions have been recorded,the balance in the company's Cash account has a balance of $27,202.
b.The company's bank statement shows a balance on November 30 of $29,279.
c.Outstanding checks at November 30 include check #3030 in the amount of $1,525 and check #3556 in the amount of $1,459.
d.A credit memo included with the bank statement indicates that the bank collected $780 on a noninterest-bearing note receivable for Avisa.The bank deducted a $10 collection fee and credited the remainder of $770 to Avisa's account.
e.A debit memo included with the bank statement shows a $67 NSF check from a customer,J.Brown.
f.A deposit was placed in the bank's night depository on November 30 totaled $1,675 and did not appear on the bank statement.
g.Examination of the checks on the bank statement with the entries in the accounting records reveals that check #3445 for the payment of an account payable was correctly written for $2,450,but was recorded in the accounting records as $2,540.
h.Included with the bank statement was a debit memorandum in the amount of $25 for bank service charges.It has not been recorded on the company's books.
Correct Answer:

Verified
_TB6947_00...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q1: Cash,not including cash equivalents,includes:<br>A)Postage stamps.<br>B)Coins, currency, and
Q39: Money orders, cashier's checks, and certified checks
Q44: A sales system with prenumbered, controlled sales
Q74: A company established a petty cash fund
Q76: Given the following information: <br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6947/.jpg" alt="Given
Q78: When merchandise is needed,a department manager must
Q84: Triple Company's accountant made an entry that
Q101: A bank reconciliation explains any differences between
Q104: _ includes currency, coins, and amounts on
Q115: _ are checks written (or drawn) by