Problem 8-05A a-b (Video) The bank portion of the bank reconciliation for Waterway Company at November 30, 2020, was as follows. Waterway COMPANY Bank Reconciliation November 30, 2020 $14,777.90 2,530.20 17,308.10 Cash balance per bank Add: Deposits in transit Less: Outstanding checks Check Amount $ 2,260.40 720.10 844.50 1,426.80 Check Number 3451 3470 3471 3472 3474 1,053.00 6,304.80 $11,003.30 Adjusted cash balance per 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 Number 3451 3471 3472 3475 3476 3477 3479 3480 3482 3483 3485 Amount Amount Date 12-1 12-2 12-7 12-4 12-8 12-10 12-15 12-27 12-30 12-29 12-31 $2,260.40 12-1 844.50 12-4 1,426.80 12-8 $ 2,530.20 1,211.60 2,365.10 2,672.70 2,945 2,567.30 2,836 1,025 $18,152.90 1,640.70 12-16 1,300 12-21 2,130 12-26 3,080 12-29 12-30 600 475.50 1,140 540.80 $15,438.70 Total Total The cash records per books for December showed the following. Cash Receipts Journal Cash Payments Journal Amount Date Amount Amount Date Number Date Number 12-1 12-2 $1,211.60 2,365.10 2,672.70 2,954 2,567.30 2,836 1,025 1,690.40 $17,322.10 12-3 $475.50 3475 $1,640.70 12-20 3482 1,300 12-22 3483 2,130 12-23 3484 621.30 12-24 3485 3,080 12-303486 1,140 12-7 795.00 12-15 450.80 889.50 3476 12-2 3477 3478 3479 12-10 3480 12-17 3481 12-20 12-25 12-28 12-30 12-31 Total 12-4 12-8 $13,930.20 600 Total 807.40 t The bank statement contained two memoranda 1. A credit of $2,350 for the collection of Langer Company of an electronic funds transfer. 2. A debit for the printing of additional company checks $88.00 At December 31, the cash balance per books was $14,395.20, and the cash balance per the bank statement was $19,754.10. The bank did not make Using the four steps in the recencillation procedure, prepare a bank reconcililation at December 31. (Round answers to 2 decimal places, o.g. 52.75. List items that increase cash balance any errors, but Langer Company made two errors first. Reconoile cash baiance pe Prepare the adjusting entries based on the reconciliation. (Credit account titles are automatically indented when No. Account Titles and Explanation Dec. 31 amount is entered. Do not indent manually. Round answers to 2 decima DebitCredit (To record collection of note receivable by bank) Dec. 31 To record bank service charge) Dec. 31 (To correct error in recording check) Dec. 31 To correct error in deposit) een Shaw Work Click if you would like to Show Work for this