Question

The accounting department prepares a bank reconciliation at the end of each month. The following Tableau Dashboard is provided to assist in our reconciliation for the month of November.
Bank Balance is $15000 at 31th Oct.. Bank Balance is $9700 at 15th November. Bank Balance is $16028 at 30th November.
Book Balance is $15000 at 31th Oct. Book Balance is $9100 at 15th November. Book Balance is $16127 at 30th November.
Cash interest received on Bank Balance: Augugst $31 September $24 October $22 November $37
Total Deposits in Transit November 30: $250
Outstanding Checks at Nov.30: Check#1203 : $100 Check#1278 : $78
November Bank Fees: Check Printing Fees:$35 Service Fees:$15 Wire Transfer Fees:$14

1. Determine the company's (a) bank balance and (b) book balance on November 30 before the bank reconciliation.
2. What is the amount of cash interest received in the month of November?
3. Which of the bank fees is the largest of those charged to the company in November?

Answer 1

Answer:

Explanation:

1. Determine the company's

(a) bank balance on November 30

(b) book balance on November 30 before the bank reconciliation.

(a)Bank Balance is $16,028 at 30th November.

(b)Book Balance is $16,127 at 30th November.

2.What is the amount of cash interest received in the month of November? November cash interest is $37

3. Which of the bank fees is the largest of those charged to the company in November? Check Printing Fees of $35