Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Problem 7-4A The bank portion of the bank reconciliation for Langer Company at November 30, 2017, was as follows LANGER COMPANY Bank Reconciliation November 30,

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Problem 7-4A The bank portion of the bank reconciliation for Langer Company at November 30, 2017, was as follows LANGER COMPANY Bank Reconciliation November 30, 2017 Cash balance per bank Add: Deposits in transit $14,467.90 2,530.20 16,998.10 Less: Outstanding checks Check Number 3451 3470 3471 3472 3474 Check Amount $2,260.40 720.10 844.50 1,426.80 1,056.50 6,308.30 Adjusted cash balance per $10,689.80 bank 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 12-1 12-2 12-7 12-4 12-8 12-10 12-15 12-27 12-30 12-29 12-31 Number 3451 3471 3472 3475 3476 3477 3479 3480 3482 3483 3485 Amount Date 12-1 12-4 12-8 12-16 12-21 12-26 12-29 12-30 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 $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 Total

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Internal Control And Internal Audit In Non Profit Organizations A Practical Model

Authors: Kamal Bayramov

1st Edition

6203464015, 978-6203464016

More Books

Students also viewed these Accounting questions