The bank portion of the bank reconciliation for Rintala Company at November 30, 2014, was as follows.

Rintala Company Bank Reconciliation November 30, 2014 Cash balance per bank $14,367.90 Add: Deposits in transit 2,530.20 16,898.10 Less: Outstanding checks Check Number Check Amount 3451 $2,260.40 3470 720.10 3471 844.50 3472 1,426.80 3474 1,050.00 6,301.80 Adjusted cash balance per bank $10,596.30 The adjusted cash balance per bank agreed with the cash balance per books at November 30.

The December bank statement showed the following checks and deposits.
Bank Statement Checks Deposits Date Number Amount Date Amount (Qa 3451 $ 2,260.40 IE Sp, 5350120 (| Qe2 3471 844.50 12-4 iL Pili 0)
Den 3472 1,426.80 1228 2,365.10 12-4 3475 1,640.70 12-16 DOD MO)
12-8 3476 1,300.00 (12-21) 2,945.00 1QNO 3477 2,130.00 12-26 DAN T o2X0)
ES 3479 3,080.00 12-29 2,836.00 (2D 3480 600.00 12-30 1,025.00 12-30 3482 475.50 Total $18,152.90 12-29 3483 1,140.00 —————
LQ=3il 3485 540.80 Total $15,438.70 The cash records per books for December showed the following.
Cash Receipts Cash Payments Journal Journal Number Amount Date Number Amount Date Amount 3475 Sl O4 0 N/ Ole 2-20 3482 $ 475.50 2-3} SS PLE 3476 P30000 512-22 3483 1,140.00 12-7 205.40 3477 2130.00 GaAl2-25 3484 798.00 12-15 2,012.10 3478 621.30 12-24 3485 450.80 | | 12-20 2,954.00 3479 3,080.00 12-30 3486 180500 eh 222 50 eee 2 567.30 3480 600.00 Total $14,933.20 | | 12-28 2,836.00 3481 807.40 eee eal ieee Moy Aiea (a2 1,190.40 Total $16,822.10 The bank statement contained two memoranda:
1. A credit of $3,645 for the collection of a $3,500 note for Rintala Company plus interest of $160 and less a collection fee of $15. Rintala Company has not accrued any interest on the note.
2. A debit of $572.80 for an NSF check written by D. Chagnon, a customer. At December 31, the check had not been redeposited in the bank.
At December 31, the cash balance per books was $12,485.20, and the cash balance per the bank statement was $20,154.30. The bank did not make any errors, but two errors were made by Rintala Company.
Instructions

(a) Using the four steps in the reconciliation procedure, prepare a bank reconciliation at

(a) Adjusted balance per December 31. books $15,458.40

(b) Prepare the adjusting entries based on the reconciliation. (Hint: The correction of any errors pertaining to recording checks should be made to Accounts Payable. The correction of any errors relating to recording cash receipts should be made to Accounts Receivable.)