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The bank portion of the bank reconciliation for Blossom Company at October 31, 2022, is shown below. BLOSSOM COMPANY Bank Reconciliation October 31, 2022 Cash
The bank portion of the bank reconciliation for Blossom Company at October 31, 2022, is shown below. BLOSSOM COMPANY Bank Reconciliation October 31, 2022 Cash balance per bank $12,467.90 Add: Deposits in transit 1,530.20 13,998.10 Less: Outstanding checks Check Number Check Amount 2451 $ 1,260.40 2470 684.20 2471 844.50 2472 427.80 2474 1,050.00 4,266.90 Adjusted cash balance per bank $9,731.20 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 Amount 11-1 2470 $ 684.20 11-1 $ 1,530.20 11-2 2471 844.50 11-4 1,211.60 11-5 2474 1,050.00 11-8 990.10 11-4 2475 1,640.70 11-13 2,575.00 2,830.00 11-18 11-8 11-10 2476 2477 11-19 EFT 600.00 1,720.00 1,472.70 2,342.00 2,945.00 11-15 2479 11-21 11-18 2480 1,330.00 11-25 2,567.30 11-27 2481 695.40 11-28 1,650.00 11-28 SC 86.00 11-30 1,186.00 11-30 2483 575.50 Total 18,469.90 11-29 2486 940.00 Total $12,996.30 The cash records per books for November showed the following. Using the steps in the reconciliation procedure, prepare a bank reconciliation at November 30, 2022. (List items that increase bala as per bank and books first. Round answers to 2 decimal places, e.g. 5,275. 50.) BLOSSOM 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, e.g. 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 correct error in deposit)
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