The bank portion of the bank reconciliation for Blue Spruce Corp. at October 31, 2019, is shown below. Blue Spruce Corp. Bank Reconciliation October 31, 2019 Cash balance per bank $12,327.90 1,470.20 Add: Deposits in transit 13,798.10 Less: Outstanding checks Check Number Check Amount 2451 $ 1,180.40 2470 844.20 2471 644.50 2472 586.80 2474 1,150.00 4,405.90 Adjusted cash balance per bank $9,392.20 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 and Debits Deposits and Credits Date Number Amount Date Amount 11-1 2470 $ 844.20 11-1 11-2 2471 644.50 11-4 11-5 2474 11-8 11-4 2475 1,150.00 1,600.70 2,790.00 11-13 11-8 2476 11-18 $ 1,470.20 1,211.60 1,090.10 2,535.00 1,472.70 2,232.00 2,845.00 2,487.30 1,670.00 1,166.00 11-10 2477 600.00 11-19 EFT 11-15 2479 11-21 1,770.00 1,270.00 11-18 2480 11-25 11-27 2481 815.40 11-28 11-28 SC 75.00 11-30 11-30 2483 595.50 Total 18,179.90 11-29 2486 940.00 Total $13,095.30 The cash records per books for November showed the following. The cash records per books for November showed the following. Cash Receipts Cash Payments Amount Date Number Date Number Amount Date Amount 11-1 2475 11-20 2483 $ 595.50 11-3 $1,600.70 2,790.00 11-2 2476 11-22 2484 809.50 11-7 11-2 2477 600.00 11-23 2485 1,024.80 11-12 $ 1,211.60 1,090.10 2,535.00 1,472.70 2,854.00 11-4 2478 508.20 11-24 2486 940.00 11-17 11-8 2479 1,725.00 11-29 2487 408.00 11-20 11-10 2480 1,270.00 11-30 2488 820.00 11-24 2,487.30 11-15 2481 815.40 Total $14,469.10 11-27 1,670.00 11-18 2482 562.00 11-29 1,166.00 1,424.00 11-30 Total $15,910.70 The bank statement contained two bank memoranda: 1. A credit of $2,232.00 for the collection for Blue Spruce Corp. of an electronic funds transfer. 2. A debit for the printing of additional company checks $75.00. At November 30, the cash balance per books was $10,833.80 and the cash balance per bank statement was $17,412.50. The bank did not make any errors, but Blue Spruce Corp. made two errors. Blue Spruce Corp. Bank Reconciliation November 30, 2019 Cash balance per bank statement 17412.5 Add Deposits in transit 1424 18836.5 Less Outstanding checks No. 2451 1180.4 $ No. 2472 586.8 No. 2478 508.2 No. 2482 562 No. 2484 809.5 No. 2485 1024.8 No. 2487 408 No. 2488 820 5899.7 Adjusted cash balance per bank 12936.8 Cash balance per books 10833.8 Add Electronic funds transfer received 2232 13065.8 Less Error in deposit Error in recording check 45 Check printing charge 75 129 Adjusted cash balance per books 12936.8 Date Account Titles and Explanation Debit Credit Aug. 31 (To record collection of accounts receivable) Aug. 31 (To record charge for printing company checks) Aug. 31 (To correct error in recording check) Aug. 31 (To correct error in deposit)
