Problem 7-4A (Part Level Submission) The bank portion of the bank reconciliation for Langer Company at November 30, 2015, was as follows. $14,733.23 2,530.20 17,263.43 LANGER COMPANY Bank Reconciliation November 30, 2015 Cash balance per bank Add: Deposits in transit Less: Outstanding checks Check Number Check Amount 3451 $ 2,260.40 3470 720.10 3471 844.50 3472 1,426.80 3474 1,053.14 Adjusted cash balance per bank 6,304.94 $10,958.49 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 Date 12-1 12-4 Date 12-1 12-2 12-7 12-4 12-8 12-10 12-15 12-27 12-30 12-29 12-31 Checks Number 3451 3471 3472 3475 3476 3477 3479 3480 3482 3483 3485 Total Amount $2,260.40 844.50 1,426.80 1,640.70 1,300.00 2,130.00 3,080.00 600.00 475.50 1,140.00 520.80 $15,418.70 12-8 12-16 12-21 12-26 12-29 12-30 Total Deposits Amount $ 2,530.20 1,211.60 2,365.10 2,672.70 2,945.00 2,567.30 2,836.00 1,025.00 $18,152.90 10 The cash records per books for December showed the following. Date 12-1 12-2 12-2 12-4 12-8 12-10 12-17 Number 3475 3476 3477 3478 3479 3480 3481 Cash Payments Journal Amount Date Number $1,640.70 12-20 3482 1,300.00 12-22 3483 2,130.00 12-23 3484 621.30 12-24 3485 3,080.00 12-30 3486 600.00 Total 807.40 Amount $475.50 1,140.00 794.86 250.80 889.50 $13,730.06 Cash Receipts Journal Date Amount 12-3 $1,211.60 12-7 2,365.10 12-15 2,672.70 12-20 2,954.00 12 25 2,567.30 12-28 2,836.00 12-30 1,025.00 12-31 1,690.40 Total $17,322.10 The bank statement contained two memoranda: 1. A credit of $5,288.60 for the collection of a $5,143.60 note for Langer Company plus interest of $160.00 and less a collection fee of $15.00. Langer Company has not accrued any interest on the note. 2. A debit of $575.94 for an NSF check written by L. Rees, a customer. At December 31, the check had not been redeposited in the bank. At December 31, the cash balance per books was $14,550.53, and the cash balance per the bank statement was $22,180.09. The bank did not make any errors, but two errors were made by Langer Company. (a) Using the four steps in the reconciliation procedure, prepare a bank reconciliation at December 31. (Enter answers to 2 decimal places, e.g. 15.25. List items that increase cash balance first.) LANGER COMPANY Bank Reconciliation December 31, 2015