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The bank portion of the bank reconciliation for Catin Company November 30, 2020 is shown below CARLIN COMPANY Sank Reconciliation November 30, 2020 Cashbone per
The bank portion of the bank reconciliation for Catin Company November 30, 2020 is shown below CARLIN COMPANY Sank Reconciliation November 30, 2020 Cashbone per bank $14.367.00 Add Deposits in 2.630.20 16.09.10 Loss Outstanding checka Check Number 3451 Check: Amount 3470 52,200.00 3471 1.100.10 34450 3472 1.425.80 Adjusted cash balance per bank 510120 3474 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 Rank Statement Date 12-1 12-2 12-7 12-4 12-8 12.10 12-15 12-27 12-30 12-29 12-31 Checks Number 3451 3470 3472 3475 3476 3477 3479 3480 3482 3484 3485 Total Amount $ 2,260 40 1 100 10 1.425.80 1.640.70 1,300.00 2.130.00 3.080.00 800.00 47550 754 00 540.89 $15.318.30 Deposits Date Amount 121 $ 2530 20 12-4 1.211 50 12-8 2255.10 12-10 2.532.70 12-21 2.445.00 12-26 2.567 30 12-29 2.836.00 12.30 10250 Total $18.112.90 The cash records per books for December showed the following 3475 Date 12-1 12-2 12-2 52-4 12-8 12-10 12-17 Cash Payments Journal Number Amount Date Number Amount $1,540.70 12-20 3482 $ 475.50 3476 1,300.00 12-22 3483 1.340.00 3477 2.130 00 12-23 3484 754 00 3478 538.20 12-24 3485 450.80 3479 3,080.00 12-30 3485 1.389.50 3480 600.00 Total $14,516 10 3481 807 40 Cash Receipts Journal Date Amount 12-3 $1.211.50 12-7 2.365.10 12-15 2,572.70 12-20 2.945.00 12-25 2.567.30 12-28 2.836.00 12-30 1,025.00 12-31 190.40 Total $16.813.10 The bank statement contained two bank memoranda 1. Acredit of $2.645 for the collection of $2,500 note for Carin Company plus interest of 5160 and loss a collection fee of $15. Carin Company has not accrued any interest on the note 2. A debit of $819.10 for an NSF check written by K. Webster, a customer. At December 31 the check had not been redeposited in the bank At December 31, the cash balance per books was $12.513.30, and the cash balance per bank statement was $18,988.40. The bank did not make any orrons, but Carlin Company made two errors. Instructions (a) Using the four steps in the reconciliation procedure, prepare a bank reconciliation at December 31, 2020 (6) 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) a. Prepare the adjusting wis based on she reconciliation (None. The correction of any errors pertaining to recording cheeks should be made to Accons Payable. The correction of any errors relating to recording cash receipts should be made to Accounts Receivable) Date Description Debit Credit
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