help Problem 7-4A.pdf 80.9% The bank portion of the bank reconciliation for Lang

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Problem 7-4A.pdf 80.9% The bank portion of the bank reconciliation for Langer Company at November 30, 2017, was as follo LANGER COMPANY Bank Reconciliation November 30, 2017 Cash balance per bank Add: Deposits in transit $14,837.90 2,530.20 17,368.10 Less: Outstanding checks Check Number 3451 3470 3471 3472 3474 Adjusted cash balance per bank Check Amount 2,260.40 720.10 844.50 1,426.80 1,055.00 6,306.80 $11,061.30 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 De Date 12-1 12-2 12-7 12-4 12-8 12-10 12-15 12-27 Number 3451 3471 3472 3475 3476 3477 3479 3480 Date Amount $2,260.40 12-1 844.50 12-4 1,426.80 12-3 1,640.70 12-16 1,300.00 12-21 2,130.00 12-26 3,080.00 $ 2,530.20 1,211.60 2,365.10 2,672.70 2,945.00 2,567.30 2,336.00 1,025.00 12-29 600.00 12-30 mite of

Explanation / Answer

Note: Since complete format of bank reconciliation is not provided with the question, kindly enter fields according to the format. Note collected and interest thereon may be combined in the format. Kindly enter correctly.

LANGER COMPANY Bank Reconciliation December 31, 2017 Balance per bank statement $ 22249.30 Add: Deposit in transit 1690.40 23939.70 Less: Outstanding checks No. 3470 720.10 No. 3474 1055.00 No. 3478 621.30 No. 3481 807.40 No. 3484 793.00 No. 3486 889.50 4886.30 Adjusted balance per bank $ 19053.40 Balance per books $ 14655.20 Add: Note collected by bank 5110 Interest collected on note 160 5270.00 19925.20 Less: NSF check 577.80 Bank collection fee 15.00 Error in recording deposit ($2954 - $2945) 9.00 Error in recording check no. 3485 ($520.80 - $250.80) 270.00 871.80 Adjusted balance per books $ 19053.40

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