Current Attempt in Progress The bank portion of the bank reconciliation for Cullumber Company at October 31, 2022, is shown below. CULLUMBER COMPANY Bank Reconciliation October 31, 2022 Cash balance per bank Add: Deposits in transit $12.707.90 1.530.20 14,238.10 Less: Outstanding checks Check Number 2451 2470 2471 2472 2474 Adjusted cash balance per bank Check Amount $ 1.260.40 68420 844.50 427.80 1,050,00 4.266.90 $9.971.20 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. Date 11-1 11-2 11.5 11-4 11-8 11-10 11-15 11-18 11-27 Checks Number 2470 2471 2474 2475 2476 2477 2479 2480 2481 SC Bank Statement Deposits Amount Date Amount $ 684.20 11-1 $ 1.530,20 844.50 11-4 1.211.60 1.050.00 11-8 990.10 1.640.70 11-13 2.575.00 2,830.00 11-18 1.47270 600.00 11-19 EFT 2.462.00 1.730.00 11-21 2.945,00 1,330,00 11-25 2.567.30 695.40 11-28 1.650.00 86.60 11-30 1.186.00 575.50 Total 18,589.90 940,00 $13,006,90 11-28 11-30 11-29 2483 2486 Total The cash records per books for November showed the following Date 11-1 11-2 11-2 Number 2475 2476 2477 2478 2479 2480 Cash Payments Journal Amount Date Number $1,640.70 11-20 2483 2,830.00 11-22 2484 600.00 11-23 2485 538.20 11-24 2486 1.703.00 11-29 2487 1.330.00 11-30 2488 695.40 Total Amount $575.50 827.90 974.80 940.00 398.00 800.00 11-4 11-8 11-10 11-15 Cash Receipts Journal Date Amount 11-3 $1,211.60 11-7 990.10 11-12 2.575.00 11-17 1.472.70 11-20 2.954.00 11-24 2,567.30 11-27 1.650.00 11-29 1,186.00 11-30 1,644.00 Total 16,250.70 $14,465,50 2481 2482 11-18 612.00 The bank statement contained two bank memoranda: 1. A credit of $2,462.00 for the collection from a customer for Cullumber Company of an electronic funds transfer. A debit for the printing of additional company checks $86.60. 2. At November 30, the cash balance per books was $11.911.20 and the cash balance per bank statement was $18.445.70. The bank did not make any errors, but Cullumber Company made two errors. Using the steps in the reconciliation procedure, prepare a bank reconciliation at November 30, 2022. List items that increase balance as per bank and books first. Round answers to 2 decimal places, eg 5,275.50) CULLUMBER COMPANY Bank Reconciliation November 30, 2022 Cash balance per bank statement 13445.70 Add Deposits in transit 1644 20089,20 US Outstanding checks No. 2451 $ 1260.40 No. 2472 427.80 No. 2478 5382 No. 2482 612 1 No. 2484 5279 9748 i No. 2485 398 1 No. 2487 800 i No. 2488 5839.10 i $ 14250.60 Adjusted cash balance per bank $ 119112 Cash balance per books 2462 Add Electronic tunds transfer received 14373.20 27 Error in recording check 9 1 Error in deposit Check printing charge 1225 i 1425080 Adjusted cash balance per books * Your answer is incorrect. Prepare the adjusting entries based on the reconciliation. (Note: 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.) (Credit account titles are automatically indented when amount is entered. Do not Indent manually. Round answers to 2 decimal places, eg. 5,275,50.) Credit Debit Account Titles and Explanation Date Nov 30 (To record electronic funds transfer received by bank) Nov 30 (To record charge for printing company checks) Nov 30 (To correct error in recording check) Nov 30 (To correct error in deposit) e Textbook and Media List of Accounts