Question

 Requirement 1. Prepare Harrison Photography's bank reconciliation at November 30, 2018.

 Prepare the bank portion of the reconciliation, followed by the book portion of the reconciliation. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.)

 2. How much cash does Harrison actually have on November 30, 2018?

 3. Journalize any transactions required from the bank reconciliation.

Answer 1

Solution 1:

Harrison Photogrpahy
Bank Reconciliation Statement
30-Nov-18
Particulars		Amount
Balance on bank statement		$355.00
Additions:
Outstanding Deposit	$1,240.00
Total Additions		$1,240.00
Deductions:
Outstanding checks:
Check 626	$60.00
Check 627	$250.00
Total Deductions		$310.00
Adjusted bank balance		$1,285.00
Balance in books		$1,380.00
Deductions:
Printing checks	$20.00
Service Charge	$15.00
Incorrect recording of check 624	$60.00
Total Deductions		$95.00
Adjusted book balance		$1,285.00

Solution 2:

Harisson actually have cash on 30.11.2018 = $1,285

Solution 3:

Journal Entries - Harrsion Photography
Date	Particulars	Debit	Credit
Nov'30	Printing expense Dr	$20.00
	Service fees expense Dr	$15.00
	Utilities expense Dr	$60.00
	To Cash		$95.00
	(To record decrease in cash due to bank reconcilaiton)