CALCULATOR FULL CCL Bank Statement Date 12-1 12-2 Date 12-1 12-4 12-7 Checks Number 3451 3471 3472 3475 3476 3477 3479 3480 12-4 12-8 12-10 12-15 Amount $2,260.40 844.50 1,426.80 1,640.70 1,300 2,130 3,080 600 12-8 12-16 12-21 12-26 12-29 Deposits Amount $ 2,530.20 1,211.60 2,365.10 2,672.70 2,945 2,567.30 2,836 1,025 $18,152.90 12-27 12-30 12-30 3482 475.50 Total 12-29 3483 1,140 520.80 12-31 3485 Total $15,418.70 The cash records per books for December showed the following. Date 12-1 12-2 Number 3475 3476 3477 Cash Payments Journal Amount Date Number $1,640.70 12-20 3482 1,300 12-22 3483 2,130 12-23 3484 621.30 12-24 3485 Amount $475.50 1,140 796.10 250.80 Cash Receipts Journal Date Amount 12-3 $ 1,211.60 12-7 2,365.10 12-15 2,672.70 12-20 2,954 12-2 12-4 3478 Policy | 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. 3 Problem 8-05A a-b (Video) The bank portion of the bank reconciliation for Swifty Company at November 30, 2020, was as follows. Swifty COMPANY Bank Reconciliation November 30, 2020 Cash balance per bank $14,707.90 Add: Deposits in transit 2,530.20 17,238.10 Less: Outstanding checks Check Number Check Amount 3451 $ 2,260.40 3470 720.10 3471 844.50 3472 1,426.80 3474 1,051.90 6,303.70 Adjusted cash balance per $10,934.40 bank 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 Number Deposits Amount Date Amount Date sy Policy | 9.2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons Inc Number Date 12-1 3475 12-2 3476 3477 Cash Payments Journal Amount Date Number $1,640.70 12-20 3482 1,300 12-22 3483 2,130 12-23 3484 621.30 12-24 3485 3,080 12-30 Amount $475.50 1,140 796.10 250.80 Cash Receipts Journal Date Amount 12-3 $ 1,211.60 12-7 2,365.10 12-15 2,672.70 12-20 2.954 12-2 12-4 3478 12-8 3479 3486 889.50 12-25 2,567.30 12-10 3480 600 Total $13,731.30 12-28 2,836 12-17 3481 807.40 12-30 1,025 12-31 1,690.40 Total $17,322.10 The bank statement contained two memoranda: 1. A credit of $2,250 for the collection of Langer Company of an electronic funds transfer. 2. A debit for the printing of additional company checks $86.90. At December 31, the cash balance per books was $14,525.20, and the cash balance per the bank statement was $19,605.20. The bank did not make any errors, but Langer Company made two errors. Using the four steps in the reconciliation procedure, prepare a bank reconciliation at December 31. (Round answers to 2 decimal places, e.g. 52.75. List items that increase cash balance first. Reconcile cash balance per bank first.) SWIFTY COMPANY Bank Reconciliation Using the four steps in the reconciliation procedure, prepare a bank reconciliation at December 31. (Round answers to 2 decimal places, e.g. 52.75. List Items that increase cash balance first. Reconcile cash balance per bank first.) SWIFTY COMPANY Bank Reconciliation Prepare the adjusting entries based on the reconciliation. (Credit account titles are automatically Indented when amount is entered. Do not Indent manually. Round answers to 2 decimal places, e.g. 52.75.) No. Account Titles and Explanation Debit Credit Dec. 31 (To record collection of note receivable by bank) Dec. 31 (To record bank service charge) Dec. 31 (To correct error in recording check) Dec. 31 (To correct error in deposit) Click if you would like to Show Work for this question: Open Show Work