xC Problem 7-4A (Part I Secure https//edugen.wileyplus.com/edugen/student/mainfr

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xC Problem 7-4A (Part I Secure https//edugen.wileyplus.com/edugen/student/mainfr.uni en Assignment OURCES Problem 7-4A (Part Level Submission) The bank portion of the bank reconciliation for Cullumber Company at October 31, 2017, is shown below CULLUMBER COMPANY Bank Reconciliation October 31, 2017 Cash balance per bank Add: Deposits in transit 12,487.90 ,530.20 14,018.10 y StudyLess: Outstanding checks 2451 2470 2471 2472 2474 Adjusted cash balance per bank Check Amount s 1,260.40 684.20 844.50 434.85 1.050.00 4,273.95 $9,744.15 The adjusted cash balance per bank agreed with the cash balance per books at October 31. The November bank statement s Bank Statement Deposits Date Number Amount Date Amount 11-22470 11-2 2471 11-5 2474 684.20 844.50 1,050.0011-8 11-1 1,530.20 11-4 1,211.60 990.10 2000-2018John Wiley & Sons InC All Rights Reserved. A Division of John Wiley&Sons;, In here to search

Explanation / Answer

Bank Reconciliation November 30, 2017 Cash balance per bank statement 17964.45 Add: Deposits in transit 1424 19388.45 Less: Outstanding checks No. 2451 1260.4 No. 2472 434.85 No. 2478 538.2 No. 2482 612 No. 2484 821.45 No. 2485 974.8 No. 2487 398 No. 2488 800 5839.7 Adjusted cash balance per bank 13548.75 Cash balance per books 11316.8 Add: Electronic fund transfer 2352 13668.8 Less: Error in deposit 9 Error in recording check 18 Check printing charge 93.05 120.05 Adjusted cash balance per books 13548.75

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