The bank portion of the bank reconciliation for Vaughn Company at November 30, 2022, was as follows. Vaughn COMPANY Bank Reconciliation (Partial) November 30, 2022 Cash balance per bank Add: Deposits in transit $14,767.90 2,530.20 17.298.10 Less: Outstanding checks Check Number Check Amount $ 2,260.90 3451 3470 720.90 3471 844.90 3472 1.426.90 3474 1,051.90 6,305.50 Adjusted cash balance per bank $10,992.60 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. Bank Statement Checks Deposits Amount Date Number Amount Date 12-1 3451 $2.260.90 12-1 $ 2,530.20 12-2 3471 844.90 12-4 1.211.90 12-7 3472 1.426.90 12-8 2.365.90 12-4 3475 1.640.90 12-16 2,672.90 12-8 3476 1.300.90 12-21 2.945.90 12-10 3477 2.130.90 12-26 2.567.90 12-15 3479 3.080.90 12-29 2.836.90 12-27 3480 600.90 12-30 1,025.90 12-30 3482 476.40 Total $18.157.50 12-29 3483 1.140.90 12-31 3485 520.80 Total $15,425.30 The cash records per books for December showed the following Date Number Cash Payments Journal Amount Date Number $1,640.90 12-20 3482 Amount Cash Receipts Journal Date Amount 12-3 $ 1,211.90 12-1 3475 $476.40 12-2 3476 1,300.90 12-22 3483 1.140.90 12-7 2,365.90 12-2 3477 2.130.90 12-23 3484 797.90 12-15 2.672.90 12-4 3478 622.20 12-24 3485 250.80 12-20 2,954.00 12-8 3479 3,080.90 12-30 3486 890.40 12-25 2,567.90 12-10 3480 600.90 Total $13.741.40 12-28 2.836.90 12-17 3481 808.30 12-30 1,025.90 12-31 1,691.30 Total $17,326.70 The bank statement contained two memoranda: 1. A credit of $6,695.00 for the collection of a $6,500.00 note for Vaughn Company plus interest of $230.00 and less a collection fee of $35.00. Vaughn Company has not previously recorded any interest on the note. A debit of $89.50 for an NSF check written by L. Rees, a customer. At December 31, the check had not been redeposited in the bank 2. At December 31, the cash balance per books was $14.577.90, and the cash balance per the bank statement was $24.105.60. The bank did not make any errors, but two errors were made by Vaughn Company. Using the five steps in the reconciliation procedure prepare a bank reconciliation at December 31. (Round answers to 2 decimal places, eg. 52.75. List items that increase cash balance first. Reconcile cash balance per bank first.) VAUGHN COMPANY Bank Reconciliation $ $ $ $