CULLUMBER COMPANY Bank Reconciliation October 31, 2022 Cash balance per bank Add: Deposits in transit $12,707.90...

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CULLUMBER COMPANY Bank Reconciliation October 31, 2022 Cash balance per bank Add: Deposits in transit $12,707.90 1,530.20 14,238.10 Less: Outstanding checks Check Number Check Amount 2451 2470 $1,260.40 684.20 2471 844.50 2472 427.80 2474 1,050.00 4,266.90 Adjusted cash balance per bank $9,971.20 The adjusted cash balance per bank agreed with the cash balance per books at October 31. The November bank statement showed the following checks and deposits. Bank Statement Checks Deposits Date Number Amount Date Amount 11-1 2470 $ 684.20 11-1 $1,530.20 11-2 2471 844.50 11-4 1,211.60 11-5 2474 1,050.00 11-8 990.10 11-4. 2475 1,640.70 11-13 2,575.00 11-8 2476 2,830.00 11-18 1,472.70 11-10 2477 600.00 11-19 EFT 2,462.00 11-15 2479 1,730.00 11-21 2,945.00 11-18 2480 1,330.00 11-25 2.567.30 11-27 2481 695.40 11-28 1,650.00 11-28 SC 86.60 11-30 1,186.00 11-30 2483 575.50 Total 18,589.90 11-29 2486 940.00 exo Lon The cash records per books for November showed the following. Cash Payments Journal Cash Receipts Journal Date Number Amount Date Number Amount Date Amount 11-1 2475 $1,640.70 11-20 2483 $575.50 11-3 $1,211.60 11-2 2476 2,830.00 11-22 2484 827.90 11-7 990.10 11-2 2477 600.00 11-23 2485 974.80 11-12 2,575.00 11-4 2478 538.20 11-24 2486 940.00 11-17 1,472.70 11-8 2479 1,703.00 11-29 2487 398.00 11-20 2,954,00 11-10 2480 1,330.00 11-30 2488 800,00 11-24 2,567.30 11-15 2481 695.40 Total $14,465.50 11-27 1,650.00 11-18 2482 612.00 11-29 1,186.00 11-30 1,644.00 Total 16,250.70 The bank statement contained two bank memoranda: 1. A credit of $2,462.00 for the collection from a customer for Cullumber Company of an electronic funds transfer. 2 A debit for the printing of additional company checks $86.60. At November 30, the cash balance per books was $11.911.20 and the cash balance per bank statement was $18.445.70. The bank did not make any errors, but Cullumber Company made two errors. (a) Using the steps in the reconciliation procedure, prepare a bank reconciliation at November 30, 2022. (List items that increase balance as per bank and books first. Round answers to 2 decimal places, e.g. 5,275.50.) CULLUMBER COMPANY Bank Reconciliation $ CULLUMBER COMPANY Bank Reconciliation October 31, 2022 Cash balance per bank Add: Deposits in transit $12,707.90 1,530.20 14,238.10 Less: Outstanding checks Check Number Check Amount 2451 2470 $1,260.40 684.20 2471 844.50 2472 427.80 2474 1,050.00 4,266.90 Adjusted cash balance per bank $9,971.20 The adjusted cash balance per bank agreed with the cash balance per books at October 31. The November bank statement showed the following checks and deposits. Bank Statement Checks Deposits Date Number Amount Date Amount 11-1 2470 $ 684.20 11-1 $1,530.20 11-2 2471 844.50 11-4 1,211.60 11-5 2474 1,050.00 11-8 990.10 11-4. 2475 1,640.70 11-13 2,575.00 11-8 2476 2,830.00 11-18 1,472.70 11-10 2477 600.00 11-19 EFT 2,462.00 11-15 2479 1,730.00 11-21 2,945.00 11-18 2480 1,330.00 11-25 2.567.30 11-27 2481 695.40 11-28 1,650.00 11-28 SC 86.60 11-30 1,186.00 11-30 2483 575.50 Total 18,589.90 11-29 2486 940.00 exo Lon The cash records per books for November showed the following. Cash Payments Journal Cash Receipts Journal Date Number Amount Date Number Amount Date Amount 11-1 2475 $1,640.70 11-20 2483 $575.50 11-3 $1,211.60 11-2 2476 2,830.00 11-22 2484 827.90 11-7 990.10 11-2 2477 600.00 11-23 2485 974.80 11-12 2,575.00 11-4 2478 538.20 11-24 2486 940.00 11-17 1,472.70 11-8 2479 1,703.00 11-29 2487 398.00 11-20 2,954,00 11-10 2480 1,330.00 11-30 2488 800,00 11-24 2,567.30 11-15 2481 695.40 Total $14,465.50 11-27 1,650.00 11-18 2482 612.00 11-29 1,186.00 11-30 1,644.00 Total 16,250.70 The bank statement contained two bank memoranda: 1. A credit of $2,462.00 for the collection from a customer for Cullumber Company of an electronic funds transfer. 2 A debit for the printing of additional company checks $86.60. At November 30, the cash balance per books was $11.911.20 and the cash balance per bank statement was $18.445.70. The bank did not make any errors, but Cullumber Company made two errors. (a) Using the steps in the reconciliation procedure, prepare a bank reconciliation at November 30, 2022. (List items that increase balance as per bank and books first. Round answers to 2 decimal places, e.g. 5,275.50.) CULLUMBER COMPANY Bank Reconciliation $