Thank you alot in advance.
Problem 7-05A a-b (Part Level Submission) (Video) The bank portion of the bank reconciliation for Cullumber Company at October 31, 2020, is shown below. Cullumber Company Bank Reconciliation October 31, 2020 Cash balance per bank Add: Deposits in transit $12,167.90 1,330.20 13,498.10 13,43 Less: Outstanding checks Check Number 245 2470 2471 2472 2451 Check Amount $ 1,060.40 484.20 644.50 226.80 1,050.00 2474 3,465.90 $10,032.20 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. Amount Bank Statement Checks and Debits Deposits and Credits Date Number Amount Date 11-1 2470 $ 484.20 11-1 $ 1,330.20 11- 2 2471 644.50 11-4 1,111.60 11-5 2474 1,050.00 890.10 11-4 24751 ,540.70 11-13 2 ,475.00 11-8 2476 2,730.00 11-18 1 ,372.70 11-10 2477 600.00 11-19 EFT 2,192.00 11-15 2479 1,550.00 11-21 2 ,845.00 11-18 2480 1,130.00 11-25 2 ,467.30 11-27 2481 495.40 11-28 1 ,550.00 11-28 SC 6 5.00 11-30 1,086.00 11-30 2483 375.50 Total 17,319.90 11-29 2486 740.00 Total $11,405.30 The cash records per books for November showed the following. Date 11-1 11-2 11-2 11-4 11-8 11-10 11-15 11-18 Number 2475 2476 2477 2478 2479 2480 2481 2482 Cash Payments Amount Date Number $1,540.70 11-20 2483 2,730.00 11-22 2484 600.00 11-23 2485 488.20 11-24 2486 1,505.00 11-29 2487 1,130.00 11-30 2488 495.40 Total 562.00 Amount $ 375.50 779.50 924.80 740.00 348.00 750.00 $12,969.10 Cash Receipts Date Amount 11-3 $ 1,111.60 11-7 890.10 11-12 2,475.00 11-17 1,372.70 11-20 2,854.00 11-24 2,467.30 11-27 1,550.00 11-29 1,086.00 11-30 2,104.00 Total $15,910.70 The bank statement contained two bank memoranda: 1. A credit of $2,192.00 for the collection for Cullumber Company of an electronic funds transfer. 2. A debit for the printing of additional company checks $65.00 At November 30, the cash balance per books was $12,973.80 and the cash balance per bank statement was $18,082.50. The bank did not make any errors, but Cullumber Company made two errors. (a) Using the steps in the reconciliation procedure, prepare a bank reconciliation at November 30, 2020. (List items that increase balance as per bank & books first. Round answers to 2 decimal places, e.g. 52.75.) Cullumber Company Bank Reconciliation November 30, 2020 Cash balance per bank statement Add . Deposits in transit Less . Outstanding checks TES Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER (b) The parts of this question must be completed in order. This part will be available when you complete the part above
