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
$14,677.90
Add: Deposits in transit2,530.20
17,208.10
Less: Outstanding checksCheck Number
Check Amount
3451$ 2,260.40
3470720.10
3471844.50
34721,426.80
34741,052.50
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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