Lily COMPANY Bank Reconciliation November 30, 2020 $14,837.90 Cash balance per bank 2,530.20 Add: Deposits in transit 17,368.10 Less: Outstanding checks Check Number Check Amount $2,260.40 3451 720.10 3470 844.50 3471 1,426.80 3472 1,055.80 6,307.60 3474 Adjusted cash balance per bank $11,060.50 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 Amount Date Amount $2,260.40 $2,530.20 12-1 12-1 3451 844.50 1,211.60 12-2 3471 12-4 1,426.80 2,365.10 3472 12-8 12-7 1,640.70 2,672.70 12-4 3475 12-16 1,300 2,945 12-8 3476 12-21 2,130 2,567.30 12-10 3477 12-26 3,080 2,836 12-15 3479 12-29 1,025 600 12-27 3480 12-30 $18,152.90 475.50 3482 Total 12-30 1,140 12-29 3483 520.80 12-31 3485 $15,418.70 Total Cash Payments Journal Cash Receipts Journal Date Number Number Date Amount Date Amount Amount $1,640.70 $475.50 $1,211.60 12-1 3475 12-20 3482 12-3 1,300 1,140 2,365.10 12-2 3476 12-22 3483 12-7 2,130 12-23 792.20 2,672.70 12-2 3477 3484 12-15 621.30 250.80 2,954 12-4 3478 12-24 3485 12-20 889.50 3,080 2,567.30 12-30 3486 12-8 3479 12-25 $13,727.40 12-10 60C 12-28 2,836 3480 Total 807.40 12-17 3481 12-30 1,025 1,690.40 12-31 Total $17,322.10 The bank statement contained two memoranda: Langer Company of an electronic funds transfer. 1. A credit of $2.390 for the collection 2. A debit for the printing additional company checks $90.80 At December 31, the cash balance per books was $14,655.20, and the cash balance per the bank statement was $19,871.30. The bank did not make any errors, but Langer Company made two errors. the reconciliation procedure, prepare a bank reconciliation at December 31. (Round answers to Using the four steps decimal places, e.g. 52.75. List items that increase cash balance first. Reconcile cash balance per bank first.) LILY COMPANY Bank Reconciliation $ based on the reconciliation. (Credit account titles are automatically indented when amount entered. Do not indent manually. Round answers to 2 decimal alaces, e.g. 52.75.) Account Titles and Explanation Debit Credit No. Dec. 31 (To record collection of note receivable by bank) Dec. 31 (To record bank service charge) Dec. 31 (To correct error recording check) Dec. 31 (To correct error in deposit) Click if you would like to Show Work for this question: Open Show Work