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Cash balance per bank $12,507.90 Add: Deposits in transit 1,530.20 14,038.10 Less: Outstanding checks Check Number Check Amount 2451 $ 1,260.40 2470 684.20 2471 844.50

Cash balance per bank

$12,507.90

Add: Deposits in transit

1,530.20

14,038.10

Less: Outstanding checks

Check Number

Check Amount

2451

$ 1,260.40

2470

684.20

2471

844.50

2472

434.55

2474

1,050.00

4,273.65

Adjusted cash balance per bank

$9,764.45

The adjusted cash balance per bank agreed with the cash balance per books at October 31. The November bank statement showed the following checks and deposits.

Bank Statement

Checks

Deposits

Date

Number

Amount

Date

Amount

11-1

2470

$ 684.20

11-1

$ 1,530.20

11-2

2471

844.50

11-4

1,211.60

11-5

2474

1,050.00

11-8

990.10

11-4

2475

1,640.70

11-13

2,575.00

11-8

2476

2,830.00

11-18

1,472.70

11-10

2477

600.00

11-21

2,945.00

11-15

2479

1,750.00

11-25

2,567.30

11-18

2480

1,330.00

11-28

1,650.00

11-27

2481

695.40

11-30

1,186.00

11-30

2483

575.50

Total

16,127.90

11-29

2486

940.00

Total

$12,940.30

The cash records per books for November showed the following.

Cash Payments Journal

Cash Receipts Journal

Date

Number

Amount

Date

Number

Amount

Date

Amount

11-1

2475

$1,640.70

11-20

2483

$ 575.50

11-3

$ 1,211.60

11-2

2476

2,830.00

11-22

2484

821.75

11-7

990.10

11-2

2477

600.00

11-23

2485

974.80

11-12

2,575.00

11-4

2478

538.20

11-24

2486

940.00

11-17

1,472.70

11-8

2479

1,705.00

11-29

2487

398.00

11-20

2,954.00

11-10

2480

1,330.00

11-30

2488

800.00

11-24

2,567.30

11-15

2481

695.40

Total

$14,461.35

11-27

1,650.00

11-18

2482

612.00

11-29

1,186.00

11-30

1,444.00

Total

$16,050.70

The bank statement contained two bank memoranda:

1. A credit of $2,362.00 for the collection for Oriole Company of an electronic funds transfer.
2. A debit for the printing of additional company checks $92.75.

At November 30, the cash balance per books was $11,353.80 and the cash balance per bank statement was $17,964.75. The bank did not make any errors, but Oriole Company made two errors. Using the steps in the reconciliation procedure, prepare a bank reconciliation at November 30, 2017. (List items that increase balance as per bank and books first.)

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November 30, 2017 Plagiarism Report |. on gener.. NEXT CALCULATOR PRINTER VERSION BACK SAVE FOR LATER: SUBMIT

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