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

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.

The cash records per books for December showed the following.

The bank statement contained two memoranda:
1. A credit of $5,145 for the collection of a $5,000 note for Langer Company plus interest of $160 and less a collection fee of $15. Langer Company has not accrued any interest on the note.
2. A debit of $572.80 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 $12,485.20, and the cash balance per the bank statement was $20,154.30. The bank did not make any errors, but two errors were made by Langer Company.

Instructions
(a) Using the four steps in the reconciliation procedure, prepare a bank reconciliation at December 31.
(b) Prepare the adjusting entries based on the reconciliation. (Hint: The correction of any errors pertaining to recording checks should be made to Accounts Payable. The correction of any errors relating to recording cash receipts should be made to AccountsReceivable.)

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LANGER COMPANY Bank Reconciliation November 30, 2017 Cash balance per bank Add: Deposits in transit $14,367.90 2,530.20 16,898.10 Less: Outstanding checks Check Number 3451 3470 3471 3472 3474 Check Amount $2,260.40 720.10 844.50 1,426.80 1050.00 6,301.80 $10,596.30 Adjusted cash balance per bank t-261703 ats-Ann 2.5 2 2.3 015257652 316746325 9 2, 1 2 2 2 2 2 18 t 14812223 0 t-4587 500-8 7443 0 0 2846310, 6 4 154 2 11123 7 4 78888 1 333 T 057091 te 1 2 7 4 8 1 1 2 3 2 3 Cash Receipts Journal Cash Pa nts Journal Date Number Amount Date Number Amount Date Amount 12-1 3475 $1,640.70 12-20 3482 $ 475.50 12-2 12-2 12-4 12-8 12-10 3480 12-17 3481 12-3 1,211.60 12-7 12-15 12-20 12-25 12-28 12-30 12-31 2,365.10 2,672.70 2,954.00 2,567.30 2,836.00 1,025.00 1,690.40 34761,300.00 12-22 3483 34772,130.00 12-23 3484 3478 34793,080.00 12-303486 1,140.00 798.00 450.80 889.50 $13,933.20 621.30 12-24 3485 600.00 Total 807.40 Total $17,322.10