Problem 8-4A

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

$14,577.90

Add: Deposits in transit

2,530.20

17,108.10

Less: Outstanding checks

Check Number

Check Amount

3451

$ 2,260.40

3470

720.10

3471

844.50

3472

1,426.80

3474

1,051.30

6,303.10

Adjusted cash balance per bank

$10,805.00

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

Amount

Date

Amount

12-13451$2,260.4012-1$ 2,530.2012-23471844.5012-41,211.6012-734721,426.8012-82,365.1012-434751,640.7012-162,672.7012-834761,300.0012-212,945.0012-1034772,130.0012-262,567.3012-1534793,080.0012-292,836.0012-273480600.0012-30

1,025.00

12-303482475.50Total

$18,152.90

12-2934831,140.0012-313485

520.80

Total

$15,418.70

The cash records per books for December showed the following.

Cash Payments Journal

Cash Receipts Journal

Date

Number

Amount

Date

Number

Amount

Date

Amount

12-13475$1,640.7012-203482$475.5012-3$ 1,211.6012-234761,300.0012-2234831,140.0012-72,365.1012-234772,130.0012-233484796.7012-152,672.7012-43478621.3012-243485

250.80

12-202,954.0012-834793,080.0012-303486

889.50

12-252,567.3012-103480600.00Total

$13,731.90

12-282,836.0012-173481807.4012-301,025.0012-31

1,690.40

Total

$17,322.10

The bank statement contained two memoranda:

1.A credit of $5,335 for the collection of a $5,190 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 $574.10 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

e per books was $14,395.20, and the cash balance per the bank statement was $22,073.00. The bank did not make any errors, but two errors were made by Langer Company.

ment Using the four steps in the reconciliation procedure, prepare a bank reconciliation at Decembe LANGER COMPANY Bank Reconciliation December 31, 2017 ment Using the four steps in the reconciliation procedure, prepare a bank reconciliation at Decembe LANGER COMPANY Bank Reconciliation December 31, 2017