The tenk portion of the bank recenclation for Lenger Company at November 30, 201

Question

The tenk portion of the bank recenclation for Lenger Company at November 30, 2017, was as folows LANGER c. ·tion 34,837 90 Cash balance per benk cess Outstanding checks s 2.260.40 511 061 30 at Novernber 3 The adjusted cash balance per bank agreed with the cash balance per b The December bank stetemene showed the following checka and deposts Deposits 2,530.20 1,211.60 2,365.10 1,426.80 1,300.00 12-21 2,945.00 2,567.30 2,836.00 12-30 12-29 3482 $18,152.90 1,140.00 520,80 Total$15.418 70 12-31 3485 The cash records per books for December showed the tollowing. Cash Payments Journal Amount Date $1,640.70 12-20 1,300.00 12-22 3483 Cash Receipts Journal Date Number Amount Number 3482 Date Amount 12-1 3475 3476 3477 $475.50 1,140.00 793.00 12-3 s 1,211.60 12-2 2,365.1o 2,672.70 12-7 12-2 2,130.00 12-23 3484 12-15 os fyedugen wweyplus.com/edugen/shared/asxignment/test/qview un...ce.&selected;

Explanation / Answer

LANGER COMPANY Bank Reconciliation December 31, 2017 Balance per bank statement $ 22,249.30 Add:   Deposit in Transit       1,690.40     23,939.70 Less: Outstanding Checks No. 3470            720.10 No. 3474 1055 No. 3478 621.3 No. 3481 807.4 No. 3484 793 No. 3486            889.50       4,886.30 Adjusted cash balance per bank $ 19,053.40 Balance per books $14,655.20 Add:   Note collected by bank       5,255.00 $19,910.20 Less: NSF Check $        577.80 Error in 12-20 deposit $            9.00 Error in recording check no. 3485            270.00 (856.80) Adjusted cash balance per books $19,053.40 Date Account Titles and Explanation Debit Credit Dec 31 Cash 5255 Bank collection charges 15 Notes Receivable 5110 Interest Receivable 160 (To record collection of note receivable by bank) Dec 31 Accounts receivable 577.8 Cash 577.8 (To record NSF Check) Dec 31 Accounts payable 270 Cash 270 ( To correct error in recording check)

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