The bank portion of the bank reconciliation for Bogalusa Company at October 31, 2017, is shown below.

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.

The cash records per books for November showed the following.

The bank statement contained two bank memoranda:
1. A credit of $2,242 for the collection for Bogalusa Company of an electronic funds transfer.
2. A debit for the printing of additional company checks $85.
At November 30, the cash balance per books was $11,073.80 and the cash balance per bank statement was $17,712.50. The bank did not make any errors, but Bogalusa Company made two errors.
Instructions
(a) Using the steps in the reconciliation procedure described on pages 355-356, prepare a bank reconciliation at November 30, 2017.
(b) Prepare the adjusting entries based on the reconciliation.

Transcribed Image Text:

BOGALUSA COMPANY Bank Reconciliation October 31, 2017 Cash balance per bank Add: Deposits in transit $12,367.90 1,530.20 13,898.10 Less: Outstanding checks Check Number 2451 2470 2471 2472 2474 Check Amount $1,260.40 684.20 844.50 426.80 1,050.00 4,265.90 9,632.20 Adjusted cash balance per bank 0. 105257067 658-2 5295495611 11 212211-6 7 3 381580 t-ㅣ too ㅣ 1 2 2 2 3 0 2507 3 5 68068673659 01456790136 78888 44444444444 。 22222222222 T 058709 111232 li 1 2 5 4 8 Cash Receipts Journal Cash Payments Journal Date Amount Date Number Amount Date Number Amount 11 2475 $1,640.70 1-20 2483 575.50 113 S1,211.60 11-2 24762,830.00 11-22 2484 11-22477 11-42478 11-8 2479 829.5011-7 974.8011-12 2,575.00 940.0011-17 990.10 600.00 11-23 2485 538.20 11-24 2486 1,472.70 11-20 2,954.00 1,705.00 1-29 2487 800.0011-24 2,567.30 11-10 24801,330.00 11-30 2488 11-15 2481 11-18 2482 695.40 Total 612.00 1,650.00 1,186.00 1,304.00 Total $15,910.70 $14,469.10 11-27 1 11-29 11-30