Problem 7-04A (Part Level Submission) 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 $12,597.90 1,530.20 14,128.10 Less: Outstanding checks Check Number 2451 Check Amount $ 1,260.40 684.20 2470 2471 844.50 2472 427.80 1,050.00 2474 4,266.90 Adjusted cash balance per bank $9,861.20 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. 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 Date Checks Number 2470 Date Deposits Amount $ 1,530.20 1,211.60 Amount $ 684.20 844.50 11-1 11-1 11-2 2471 11-4 11-5 2474 11-8 990.10 11-4 2475 11-13 11-8 2476 11-18 11-10 1,050.00 1,640.70 2,830.00 600.00 1,730.00 1,330.00 695.40 11-19 EFT 2477 2479 2480 11-15 11-21 2,575.00 1,472.70 2,407.00 2,945.00 2,567.30 1,650.00 1,186.00 11-18 11-25 11-28 11-27 2481 11-28 SC 11-30 86.45 575.50 11-30 2483 Total 18,534.90 11-29 2486 940.00 Total $13,006.75 The cash records per books for November showed the following. The cash records per books for November showed the following. Cash Payments Journal Date Number 11-1 2475 Number 2483 20- Amount $ 575.50 828.05 974.80 11-2 2476 2484 11-2 2477 11-4 11-8 11-10 Amount $1,640.70 2,830.00 600.00 538.20 1,703.00 ,330.00 695.40 2478 2479 2480 940.00 Date 11-20 11-22 11-23 11-24 11-29 11-30 Total 2485 2486 2487 2488 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 1,534.00 Total 16,140.70 398.00 1 800.00 $14,465.65 11-15 2481 11-18 2482 612.00 The bank statement contained two bank memoranda: 1. A credit of $2,407.00 for the collection from a customer for Cullumber Company of an electronic funds transfer. 2. A debit for the printing of additional company checks $86.45. At November 30, the cash balance per books was $11,608.60 and the cash balance per bank statement was $18,198.40. 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, e.g. 5,275. 50.) CULLUMBER COMPANY Bank Reconciliation Cash balance per bank statement $ | Add 4: Deposits in transit Outstanding checks No. 2451 No. 2472 4 No. 2478 4 No. 2482 4 No. 2484 4 No. 2485 - No. 2487 4 No. 2488 NO. 2488 - Adjusted cash balance per bank A Cash balance per books Add 9: Electronic funds transfer received 4 Less . Check printing charge Error in deposit Error in recording check Adjusted cash balance per books , Attempts: 0 of 3 used
