Problem 8-4A
The bank portion of the bank reconciliation for Langer Company at
November 30, 2017, was as follows.
LANGER COMPANY
Bank Reconciliation
November 30, 2017
|
Cash balance per bank |
|
|
|
$14,577.90
|
Add: Deposits in transit |
|
|
|
2,530.20
|
|
|
|
|
17,108.10
|
Less: Outstanding checks |
|
|
|
|
Check Number
|
|
Check Amount
|
|
|
3451 |
|
$ 2,260.40
|
|
|
3470 |
|
720.10
|
|
|
3471 |
|
844.50
|
|
|
3472 |
|
1,426.80
|
|
|
3474 |
|
1,051.30
|
|
6,303.10
|
Adjusted cash balance per bank |
|
|
|
$10,805.00
|
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
|
12-1 |
|
3451 |
|
$2,260.40 |
|
12-1 |
|
$ 2,530.20 |
12-2 |
|
3471 |
|
844.50 |
|
12-4 |
|
1,211.60 |
12-7 |
|
3472 |
|
1,426.80 |
|
12-8 |
|
2,365.10 |
12-4 |
|
3475 |
|
1,640.70 |
|
12-16 |
|
2,672.70 |
12-8 |
|
3476 |
|
1,300.00 |
|
12-21 |
|
2,945.00 |
12-10 |
|
3477 |
|
2,130.00 |
|
12-26 |
|
2,567.30 |
12-15 |
|
3479 |
|
3,080.00 |
|
12-29 |
|
2,836.00 |
12-27 |
|
3480 |
|
600.00 |
|
12-30 |
|
1,025.00
|
12-30 |
|
3482 |
|
475.50 |
|
Total |
|
$18,152.90
|
12-29 |
|
3483 |
|
1,140.00 |
|
|
|
|
12-31 |
|
3485 |
|
520.80
|
|
|
|
|
|
|
Total |
|
$15,418.70
|
|
|
|
|
The cash records per books for December showed the following.
Cash Payments Journal
|
|
Cash Receipts Journal
|
Date
|
|
Number
|
|
Amount
|
|
Date
|
|
Number
|
|
Amount
|
|
Date
|
|
Amount
|
12-1 |
|
3475 |
|
$1,640.70 |
|
12-20 |
|
3482 |
|
$475.50 |
|
12-3 |
|
$ 1,211.60 |
12-2 |
|
3476 |
|
1,300.00 |
|
12-22 |
|
3483 |
|
1,140.00 |
|
12-7 |
|
2,365.10 |
12-2 |
|
3477 |
|
2,130.00 |
|
12-23 |
|
3484 |
|
796.70 |
|
12-15 |
|
2,672.70 |
12-4 |
|
3478 |
|
621.30 |
|
12-24 |
|
3485 |
|
250.80
|
|
12-20 |
|
2,954.00 |
12-8 |
|
3479 |
|
3,080.00 |
|
12-30 |
|
3486 |
|
889.50
|
|
12-25 |
|
2,567.30 |
12-10 |
|
3480 |
|
600.00 |
|
Total |
|
|
|
$13,731.90
|
|
12-28 |
|
2,836.00 |
12-17 |
|
3481 |
|
807.40 |
|
|
|
|
|
|
|
12-30 |
|
1,025.00 |
|
|
|
|
|
|
|
|
|
|
|
|
12-31 |
|
1,690.40
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$17,322.10
|
The bank statement contained two memoranda:
1. |
|
A credit of $5,335 for the collection of a $5,190 note for
Langer Company plus interest of $160.00 and less a collection fee
of $15.00. Langer Company has not accrued any interest on the
note. |
2. |
|
A debit of $574.10 for an NSF check written by L. Rees, a
customer. At December 31, the check had not been redeposited in the
bank. |
At December 31, the cash balance per books was $14,395.20, and the
cash balance per the bank statement was $22,073.00. The bank did
not make any errors, but two errors were made by Langer Company.
|
|
|
|