Description
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AP7-4A |
The bank portion of the bank reconciliation for Backhaus Company at November 30, 2011, was as follows.
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BACKHAUS COMPANY |
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Bank Reconciliation |
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November 30, 2011 |
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Cash balance per bank |
$28,735.80 |
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Add: Deposits in transit |
5,060.40 |
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33,796.20 |
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Less: Outstanding checks |
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Check Number |
Check Amount |
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3451 |
$4,520.80 |
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3470 |
1,440.20 |
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3471 |
1,689.00 |
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3472 |
2,853.60 |
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3474 |
2,100.00 |
12,603.60 |
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Adjusted cash balance per bank |
$21,192.60 |
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.
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Bank Statement |
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Checks |
Deposits |
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Date |
Number |
Amount |
Date |
Amount |
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12-1 |
3451 |
$4,520.80 |
12-1 |
$5,060.40 |
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12-2 |
3471 |
1,689.00 |
12-4 |
2,423.20 |
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12-7 |
3472 |
2,853.60 |
12-8 |
4,730.20 |
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12-4 |
3475 |
3,281.40 |
12-16 |
5,345.40 |
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12-8 |
3476 |
2,600.00 |
12-21 |
5,890.00 |
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12-10 |
3477 |
4,260.00 |
12-26 |
5,134.60 |
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12-15 |
3479 |
6,160.00 |
12-29 |
5,672.00 |
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12-27 |
3480 |
1,200.00 |
12-30 |
2,050.00 |
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12-30 |
3482 |
951.00 |
Total |
$36,305.80 |
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12-29 |
3483 |
2,280.00 |
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12-31 |
3485 |
1,081.60 |
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$30,877.40 |
The cash records per books for December showed the following.
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Cash Receipts |
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Cash Payments Journal |
Journal |
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Date |
Number |
Amount |
Date |
Number |
Amount |
Date |
Amount |
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12-1 |
3475 |
$3,281.40 |
12-20 |
3482 |
$951.00 |
12-3 |
$2,423.20 |
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12-2 |
3476 |
2,600.00 |
12-22 |
3483 |
2,280.00 |
12-7 |
4,730.20 |
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12-2 |
3477 |
4,260.00 |
12-23 |
3484 |
1,596.00 |
12-15 |
5,345.40 |
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12-4 |
3478 |
1,242.60 |
12-24 |
3485 |
901.60 |
12-20 |
5,908.00 |
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12-8 |
3479 |
6,160.00 |
12-30 |
3486 |
3,779.00 |
12-25 |
5,134.60 |
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12-10 |
3480 |
1,200.00 |
Total |
$29,866.40 |
12-28 |
5,672.00 |
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12-17 |
3481 |
1,614.80 |
12-30 |
2,050.00 |
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12-31 |
3,380.80 |
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Total |
$34,644.20 |
The bank statement contained two memoranda:
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1. |
A credit of $8,290.00 for the collection of a $8,000.00 note for Backhaus Company plus interest of $320.00 and less a collection fee of $30.00. Backhaus Company has not accrued any interest on the note. |
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2. |
A debit of $1,145.60 for an NSF check written by D. Chagnon, a customer. At December 31, the check had not been redeposited in the bank. |
At December 31 the cash balance per books was $24,970.40, and the cash balance per the bank statement was $40,308.60. The bank did not make any errors, but two errors were made by Backhaus Company.
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