Question 2 View Policies Current Attempt in Progress The bank portion of the bank reconciliation for Sheridan Company at October 31, 2022, is shown below. SHERIDAN COMPANY Bank Reconciliation October 31, 2022 Cash balance per bank Add: Deposits in transit $12,527.90 1,530.20 14,058.10 Less: Outstanding checks Check Number Check Amount 2451 $ 1.260.40 68420 2470 2471 2472 2474 Adjusted cash balance per bank 844.50 427.80 1,050.00 4,266.90 $979120 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 Date Number Amount Date $68420 11-1 344.50 11-4 112 11.5 2470 2471 2474 2475 1.050.00 11-8 1.640.70 11.13 2,330.00 600.00 173000 11-18 11.19 EFT 11-21 11-10 11-15 11-18 11-27 2477 2479 2480 241 Amount $1.530 20 1.211.60 990.10 2,575.00 1.472.70 2.372.00 2.945.00 2.56730 1.650.00 114.00 18.499.90 1.33000 695.40 11-25 11-20 11.30 11-29 1130 Total 240 2486 Total 9110 575.50 940.00 51301140 The cash recorder books fo r whose the follow The cash records per books for November showed the following Cash Payments Journal Cash Receipts Journal Number Number Amount Date Amount Date 11-1 112 2475 2476 $575.50 11-3 $1.211.60 990.10 82340 11-2 2477 2078 2483 2084 2485 2486 2487 974.80 Amount Date 51.64070 11-20 2330.00 11-22 600.00 11-23 538.20 11-24 1.708.00 11-29 1.330.00 11-30 69540Total 612.00 11-12 940.00 11-17 398.00 2.575.00 1.472.70 2.954.00 2567.30 2479 2480 2481 2432 11-20 2438 300.00 11-24 $14.461.00 11-18 1650.00 The bastant contained two banko nd 1 Ace 2 A o 2720 for the collection from soutomer for Sheridan Company of an electronic funds transfer ngo na comhed 59110 the balance per books was $11.429.40 and the cash balance per bank statement was S OLO The bark did not make any in the steps in the Using the steps in the reconciliation procedure, prepare a bank reconciliation at November 30, 2022. (List items that increase balance as per bank and books first. Round answers to 2 decimal places, s. 5.275.50.) SHERIDAN COMPANY Bank Reconciliation Prepare the adjusting entries based on the reconciliation. (Note: The correction of any errors pertaining to recording checks should be made to Accounts Payable. The correction of any errors relating to recording cash receipts should be made to Accounts Receivable.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, s. 5.275.50) Date Account Titles and Explanation Debit Credit 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 correctorio
