1. Prepare a bank reconciliation at December 31.

2. Prepare the adjusting entries based on the reconciliation.

Problem 7-4A The bank portion of the bank reconciliation for Langer Company at November 30, 2017, was as foll LANGER COMPANY Bank Reconciliation November 30, 2017 Cash balance per bank Add: Deposits in transit 14,467.90 2,530.20 16,998.10 Less: Outstanding checks Check Number 3451 3470 3471 3472 3474 Adjusted cash balance per bank Check Amount $ 2,260.40 720.10 844.50 1,426.80 1,051.00 6,302.80 $10,695.30 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 3451 3471 3472 3475 3476 3477 3479 3480 3482 3483 3485 Date Amount Amount s2,260.4012-1 12-1 12-2 12-7 12-4 12-8 12-10 12-15 s 2,530.20 1,211.60 2,365.10 2,672.70 2,945.00 2,567.30 2,836.00 1,025.00 $18,152.90 844.5012-4 1,426.80 12-8 1,640.70 12-16 1,300.00 12-21 2,130.00 12-26 3,080.00 12-29 12-30 Total 12-27 600.00 475.50 1,140.00 520.80 $15,418.70 12-30 12-29 12-31 Total