348 7 Fraud, Internal Control, and Cash Prepared and reconciliation P7-4A The bank portion of the bank reconciliation for Langer Company at November 30, ads stres from 2017, was as follows detailed dare LANGER COMPANY (L03) Bank Reconciliation November 30, 2017 Cash balance per bank 514.367.90 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 344.50 3472 1.426,80 3474 1.050.00 6,30L.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 Date 12-1 125 12.7 12-4 12.8 12-10 12.15 12-27 12.30 12-29 12-31 Checks Number 3451 3421 3472 3475 3476 3477 3479 3480 3452 3453 3485 Total Amount 5 2.260.40 344.50 1.426.80 1.640.70 1.300.00 2.130.00 3,000.00 600.00 475.50 1.140.00 540.80 $15,438.70 Deposits Date Amount 12-1 $ 2,530.20 12-4 1,211.60 12-8 2,365.10 12-16 2,672.70 12-21 2.945.00 12-26 2.567.30 12-29 2,836.00 12-30 1,025.00 Total $18.152.90 The cash records per books for December showed the following Cash Payments Journal Date Number Amount Date Number 12-1 3475 51.640.70 12-20 3482 12-2 3476 1.300.00 12-22 3483 12-2 3472 2,130.00 12-23 3484 124 3478 621.30 12-24 3485 12-8 3479 3,000.00 12-30 3486 12-10 3480 12-17 3481 307.40 Amount $ 475.50 1.140.00 798.00 450.00 889.50 $13.933.20 Cash Receipts Journal Date Amount 12-3 $1.211.60 12-7 2.365.10 12-15 2.67270 12-20 2,954.00 12-25 2.567-30 12-28 2.836.00 12-30 1.025.00 12-31 1.620.40 Total $17,322.10 600.00 Total The bank statement contained two memoranda 1. A credit of $5,145 for the collection of a 35,000 note for Langer Company plus interest of $160 and less a collection fee of $15. Langer Company has not accrued any interest on the note. 2 A debit of $572.80 for an NSF check written by L Reek, a customer At December 31 the check had not been redeposited in the bank At December 31, the cash balance per book was $12.48520, and the cash balance per the hank statement was $20,154 30. The bank did not make any errors, but two errors were made by Langer Company Instruction C) Using the four steps in the reconciliation procedure, prepare a bank reconciliation at a dusted balance per December 31 books 1958 (b) Prepare the adjusting entries based on the reconciliation. (Hint: The correction of any TTT nint ch hemu ( H Th TT