*Problem 7-4A (Part Level Submission) The bank portion of the bank reconciliation for Sheridan Company at October 31, 2017, is shown below. SHERIDAN COMPANY Bank Reconciliation October 31, 2017 $12,527.90 Cash balance per bank Add: Deposits in transit 1,530.20 14,058.10 Less: Outstanding checks Check Number Check Amount 1,260.40 2451 2470 684.20 2471 844.50 2472 32.90 2474 1,050.00 4,272.00 $9,786.10 Adjusted cash balance per bank 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 684.20 11-1 1,530.20 11-1 2470 11-2 2471 844.50 11-4 1,211.60 1,050.00 11-5 2474 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 1,730.00 11-25 2,567.30 11-18 2480 1,330.00 11-28 1,650.00 11-27 2481 695.40 11-30 1,186.00 575.50 Total 16,127.90 11-30 2483 11-29 2486 940.00 Total $12,920.30 The cash records per books for November showed the following. Cash Payments Journal Cash Receipts Journal Number Number Date Amount Date 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 823.40 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 1,472.70 11-8 2479 1,703.00 11-29 2487 398.00 11-20 2,954.00 2,567.30 11-10 2480 1,330.00 11-30 2488 800.000 11-24 $14,461.00 11-15 2481 695.40 Total 11-27 1,650.00 11-18 2482 612.00 11-29 1,186.00 11-30 1,464.00 $16,070.70 Total