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The bank portion of the bank reconciliation for Langer Company at November 30, 2

ID: 2533363 • Letter: T

Question

The bank portion of the bank reconciliation for Langer Company at November 30, 2017, was as follows.

LANGER COMPANY
Bank Reconciliation
November 30, 2017

$14,677.90

2,530.20

17,208.10

Check Number

Check Amount

$ 2,260.40

720.10

844.50

1,426.80

1,052.50

6,304.30

$10,903.80


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

Date

Number

Amount

Date

Amount

1,025.00

$18,152.90

540.80

$15,438.70


The cash records per books for December showed the following.

Cash Payments Journal

Cash Receipts Journal

Date

Number

Amount

Date

Number

Amount

Date

Amount

450.80

889.50

$13,930.70

1,690.40

$17,322.10


The bank statement contained two memoranda:


At December 31, the cash balance per books was $14,295.20, and the cash balance per the bank statement was $22,081.80. The bank did not make any errors, but two errors were made by Langer Company.

Using the four steps in the reconciliation procedure, prepare a bank reconciliation at December 31. (Round answers to 2 decimal places, e.g. 52.75. List items that increase cash balance first. Reconcile cash balance per bank first.)

LANGER COMPANY
Bank Reconciliation
December 31, 2017

LANGER COMPANY
Bank Reconciliation
November 30, 2017

Cash balance per bank

$14,677.90

Add: Deposits in transit

2,530.20

17,208.10

Less: Outstanding checks

Check Number

Check Amount

3451

$ 2,260.40

3470

720.10

3471

844.50

3472

1,426.80

3474

1,052.50

6,304.30

Adjusted cash balance per bank

$10,903.80

Explanation / Answer

LANGER COMPANY

Bank Reconciliation

December 31,2017

Cash balance as per bank statement

$ 22,081.80

Add:

Deposits in Transits

$    1,690.40

$ 23,772.20

Less:

Outstanding checks

NO. 3470

$     720.10

NO. 3474

$ 1,052.50

NO. 3478

$     621.30

NO. 3481

$     807.40

NO. 3484

$     795.50

NO. 3486

$     889.50

$    4,886.30

Adjusted cash balance as per bank statement

$ 18,885.90

Cash balance as per book

$ 14,295.20

Add:

Note collected by bank

$    5,265.00

$ 19,560.20

Less:

NSF Check

$     575.30

Error in recording check (NO. 3485)

$        90.00

Error in depoist (Date 12-21)

$          9.00

$        674.30

Adjuested cash balance as per book

$ 18,885.90

LANGER COMPANY

Bank Reconciliation

December 31,2017

Cash balance as per bank statement

$ 22,081.80

Add:

Deposits in Transits

$    1,690.40

$ 23,772.20

Less:

Outstanding checks

NO. 3470

$     720.10

NO. 3474

$ 1,052.50

NO. 3478

$     621.30

NO. 3481

$     807.40

NO. 3484

$     795.50

NO. 3486

$     889.50

$    4,886.30

Adjusted cash balance as per bank statement

$ 18,885.90

Cash balance as per book

$ 14,295.20

Add:

Note collected by bank

$    5,265.00

$ 19,560.20

Less:

NSF Check

$     575.30

Error in recording check (NO. 3485)

$        90.00

Error in depoist (Date 12-21)

$          9.00

$        674.30

Adjuested cash balance as per book

$ 18,885.90

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