The bank portion of the bank reconciliation for Langer Company at November 30, 2017, was as follows.

The bank statement contained two memoranda:

1.		A credit of $5,285 for the collection of a $5,140 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 $580.10 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 $14,525.20, and the cash balance per the bank statement was $22,237.00. 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.)

 

Transcribed Image Text:

Problem 8-4A The bark 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 $14,807.90 Add: Deposits in transit 2,530.20 17,338.10 Less: Outstanding checks Check Check Number Amount 3451 $ 2,260.40 3470 720.10 3471 844.50 3472 1,426.80 3474 1,057.30 6,309.10 Adjusted cash balance per $11,029.00 bank 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. Problem 8-4A The bark 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 $14,807.90 Add: Deposits in transit 2,530.20 17,338.10 Less: Outstanding checks Check Check Number Amount 3451 $ 2,260.40 3470 720.10 3471 844.50 3472 1,426.80 3474 1,057.30 6,309.10 Adjusted cash balance per $11,029.00 bank 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.

Answer rating: 100% (QA)

Langer company Ccash balance per bank statement 2223700 Add Deposit... View the full answer