The bank portion of the bank reconciliation for Sunland Company at November 30, 2020, was as follows Sunland COMPANY Bank Reconciliation November 30, 2020 Cash balance per bank Add: Deposits in transit $14,807.90 2.530 20 17,338,10 Less: Outstanding checks Check Number 3451 3470 3471 3472 3474 Adjusted cash balance per bank Check Amount $ 2.260.40 720.10 844.50 1.426.80 1.057.30 6,309.10 $11.029.00 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. Date 12-1 12-2 12-7 12-4 12-8 Checks Number 3451 3471 3472 3475 3476 3477 3479 3480 Bank Statement Deposits Amount Date Amount $2.260.40 12-1 $2.530.20 844.50 12-4 1.211.60 1.426.80 12-8 2.365.10 1.640.70 12-16 2.672.70 1300 12-21 2.945 2.130 12-26 2.567.30 3.000 12-29 2.836 600 12-30 1.025 475.50 Total $18, 152.90 1140 530.80 $15.428.70 12-10 12-15 12-27 12-30 12-29 12-31 3482 3483 3485 Total The cash records per books for December showed the following Date 12-1 12-2 12-2 12-4 12-8 Cash Payments Journal Amount Date Number $1.640.70 12-20 3482 1.300 12-22 3483 2.130 12-23 621.30 12-24 3485 3.080 12-30 3486 000 Total 807.40 Number 3475 3476 3477 3478 3479 3480 3481 3484 Amount $475.50 1.140 790.70 350.80 889.50 $13,825.90 Cash Receipts Journal Date Amount 12-3 $1.211.60 12-7 2,365.10 12-15 2,672.70 12-20 2,954 12-25 2,567.30 12-28 2.836 12-30 1,025 12-31 1.690.40 Total $17,322.10 12-10 12-17 The bank statement contained two memoranda 1. A credit of $2.440 for the collection of Langer Company of an electronic funds transfer. 2. A debit for the printing of additional company checks $92.30. At December 31, the cash balance per books was $14525.20, and the cash balance per the bank statement was $19,879.80. The bank did not make any errors, but Langer Company made two errors. fal Your answer is partially correct. Using the four steps in the reconciliation procedure prepare a bank reconciliation at December 31 (Round answers to 2 decimal places. 58. 52.75. List iterns that increase cash balance first. Reconcile cash balance per bank first) SUNLAND COMPANY Bank Reconciliation December 31, 2020 $ Cash balance per bank statement Add Deposits intrat Outstanding checks Na 3470 V val 720.10 No 3474 1057.30 No 3478 V 82330 1 No: 3481 807.40 No. 3484 790.70 1 No. 3486 38950 48863 Adjusted cash balance per bank Cash balance or books $ Add V Cash balance per books 1 Less il i Error in deposit Error in recording check Check printing te 90 579,50 Adjusted cash balance per books $ b) Your answer is partially correct Prepare the adjusting entries based on the reconciliation. (Credit account titles are automatically indented when amount is entered Do not indent manually. Round answers to 2 decimal places eg. 52.75.) Debit Credit No. Account Titles and Explanation Dec 31 To record collection of note receivable by bank) Dec 31 To record bank service charge) Dec. 31 To correct error in recording check) Dec UIT 31 To correct error in deposit