The bank 2017, is shown below. portion of the bank reconciliation for Bogalusa C

Question

The bank 2017, is shown below. portion of the bank reconciliation for Bogalusa Company at October 31 Prepare a bank reconciliaiom and adjusting entries from detailed data. BOGALUSA COMPANY Bank Reconciliation October 31, 2017 Cash balance per banlk 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 The adjusted cash balance per bank agreed with the cash balance per books at October 31 Th e November bank statement showed the following checks and deposits Bank Statement Checks Number Date 2470 2471 2474 2475 2476 11-102477 11-15 2479 2480 2481 11-30 2483 11-29 2486 Total $ 1,530.20 1,211.60 990.10 2,575.00 1.472.70 2,945.00 2,567.30 1,650.00 1,186.00 575.50Total$16,127.90 S 684.20 844.50 1,050.00 1,640.70 11-4 11-8 11-5 11-13 2,830.00 11-18 11-21 1,750.00 11-25 1,330.00 11-28 695.4011-30 11-8 600.00 11-27 940.00 $12,940.30 The cash records per books for November showed the following. Cash Receipts Journal Cash Payments Journal Date Number Amount Date Number Amount Date Amount 11-1 2475 $1,640.70 11-20 2483 S 575.50 11-3 $1,211.60 11-2 2477 600.00 11-232485 974.8011-12 2.575.00 11-2 2476 2,830.00 11-22 2484 829.5011-7 990.10 538.20 11-24 2486 11-4 2478 11-8 2479 1,705.00 11-29 2487 11-10 2480 1,330.00 11-30 2488 11-15 2481 940.0011-17 1,472.70 398.00 11-20 2.954.00 800.001124 2567 695.40 Total 612.00 14,469.10 11-27 1,650.00 2482 - 11.29 1,186.00 11-301.304.00 Total $15,910.70

Explanation / Answer

Outstanding checks Chq no. 2451 1260.4 Chq no. 2472 426.8 Chq no. 2478 538.2 Chq no. 2482 612 Chq no. 2484 829.5 Chq no. 2485 974.8 Chq no. 2487 398 Chq no. 2488 800 5839.7 Bank reconciliation Bank balance 17712.5 Add Deposit in transit 1304 19016.5 Less Outstanding checks 5839.7 Adjusted bank balance 13176.8 Cash balance 11073.8 Add Directly deposited in bank 2242 Less Error in check 2479 45 Cheque book 85 error in deposir 20-11 9 139 Adjusted cash balance 13176.8 Service charges 85               Cash 85 Cash 2242           Accounts receivable 2242

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