Problem 7-4A The bank portion of the bank reconciliation for Cullumber Company at October 31, 2017, is shown below. CULLUMBER COMPANY Bank Reconciliation October 31, 2017 Cash balance per bank $12,707.90 1,530.20 Add: Deposits in transit 14,238.10 Less: Outstanding checks Check Number Check Amount 2451 $1,260.40 2470 684.20 2471 844.50 2472 428.40 1,050.00 4,267,50 2474 $9,970.60 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 Number Date Amount Date Amount $684.20 $1,530.20 11-1 2470 11-1 11-2 2471 844.50 11-4 1,211.60 11-5 2474 1,050.00 11-8 990.10 1,640.70 2,575.00 11-4 2475 11-13 11-8 2476 2,830.00 11-18 1,472.70 2477 600.00 2,945.00 11-10 11-21 11-15 11-25 2,567.30 2479 1,730.00 2480 11-28 1,650.00 11-18 1,330.00 1,186.00 11-27 2481 695.40 11-30 16,127.90 Total 11-30 2483 575.50 940.00 11-29 2486 $12,920.30 Total The cash records per books for November showed the following. Cash Receipts Journal Cash Payments Journal Date Number Amount Date Number Amount Date Amount 11-1 2475 $1,640.70 11-20 2483 575.50 11-3 $1,211.60 827.90 11-2 2476 2,830.00 11-22 2484 11-7 990.10 974.80 11-12 11-2 2477 600.00 11-23 2485 2,575.00 2478 538.20 11-24 2486 940.00 11-17 1,472.70 11-4 11-8 2479 1,703.00 11-29 2487 398.00 11-20 2,954.00 800.00 2,567.30 11-10 2480 1,330.00 11-30 2488 11-24 $14,465.50 Total 11-15 2481 695.40 11-27 1,650.00 11-18 2482 612.00 11-29 1,186.00 1,644.00 11-30 $16,250.70 Total The bank statement contained two bank memoranda: 1. credit of $2.357.00 for the collection for Cullumber Company of an electronic funds transfer. 2. A debit for the printing of additional company checks $86.60. At November 30, the cash balance per books was $11,755.80 and the cash balance per bank statement was $18,185.90. The bank did not make any errors, but Cullumber Company made two Using the steps in the reconciliation procedure, prepare a bank reconciliation at November 30, 2017. (List items that increase balance as per bank and books first.) CULLUMBER COMPANY Bank Reconciliation CULLUMBER COMPANY Bank Reconciliation $ $ $ $ $ SHOW LIST OF ACCOUNTS LINK TO TE VIDEO: SIMILAR PROBLEM Prepare the adjusting entries based on the reconciliation. (Note: The correction of any errors pertaining to recording checks should be made recording cash receipts should be made to Accounts Receivable.) (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Accounts Payable. The correction of any errors relating Debit Credit Date Account Titles and Explanation 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) Open Show Work Click if you would like to Show Work for this