The bank portion of the bank reconciliation for Carla Vista Co. at October 31, 2022, is shown below. CARLA VISTA CO. Bank Reconciliation October 31, 2022 Cash balance per bank $12,547.90 Add: Deposits in transit 1,530.20 14,078.10 Less: Outstanding checks Check Number Check Amount 2451 $ 1,260.40 2470 684.20 2471 844.50 2472 427.80 2474 1,050.00 4,266.90 Adjusted cash balance per bank $9,811.20 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 2,382.00 11-15 2479 1,750.00 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 90.25 11-30 1,186.00 11-30 2483 575.50 Total 18,509.90 11-29 2486 940.00 Total $13,030.55 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 824.25 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 1,705.00 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 $14,463.85 11-27 1,650.00 11-18 2482 612.00 11-29 1,186.00 11-30 1,484.00 Total 16,090.70 The bank statement contained two bank memoranda: 1. A credit of $2,382.00 for the collection from a customer for Carla Vista Co. of an electronic funds transfer. 2. A debit for the printing of additional company checks $90.25. At November 30, the cash balance per books was $11,478.60 and the cash balance per bank statement was $18,067.80. The bank did not make any errors, but Carla Vista Co. made two errors. 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.)

The bank portion of the bank reconciliation for Carla Vista Co. at October 31, 2022, is shown below. CARLA VISTA CO. Bank Reconciliation October 31, 2022 Cash balance per bank $12,547.90 Add: Deposits in transit 1,530.20 14,078.10 Less: Outstanding checks Check Number Check Amount 2451 $ 1,260.40 2470 684.20 2471 844.50 2472 427.80 2474 1,050.00 4,266.90 Adjusted cash balance per bank $9,811.20 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 2,382.00 11-15 2479 1,750.00 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 90.25 11-30 1,186.00 11-30 2483 575.50 Total 18,509.90 11-29 2486 940.00 Total $13,030.55 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 824.25 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 1,705.00 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 $14,463.85 11-27 1,650.00 11-18 2482 612.00 11-29 1,186.00 11-30 1,484.00 Total 16,090.70 The bank statement contained two bank memoranda: 1. A credit of $2,382.00 for the collection from a customer for Carla Vista Co. of an electronic funds transfer. 2. A debit for the printing of additional company checks $90.25. At November 30, the cash balance per books was $11,478.60 and the cash balance per bank statement was $18,067.80. The bank did not make any errors, but Carla Vista Co. made two errors. 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.)

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 11EB: Using the following information, prepare a bank reconciliation. Bank balance: $12,565. Book...

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The bank portion of the bank reconciliation for Carla Vista Co. at October 31, 2022, is shown below.

CARLA VISTA CO. Bank Reconciliation October 31, 2022
Cash balance per bank		$12,547.90
Add: Deposits in transit		1,530.20
		14,078.10
Less: Outstanding checks
Check Number	Check Amount
2451	$ 1,260.40
2470	684.20
2471	844.50
2472	427.80
2474	1,050.00	4,266.90
Adjusted cash balance per bank		$9,811.20

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	2,382.00
11-15	2479	1,750.00	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	90.25	11-30	1,186.00
11-30	2483	575.50	Total	18,509.90
11-29	2486	940.00
	Total	$13,030.55

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	824.25	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	1,705.00	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		$14,463.85	11-27	1,650.00
11-18	2482	612.00				11-29	1,186.00
						11-30	1,484.00
						Total	16,090.70

The bank statement contained two bank memoranda:

1.		A credit of $2,382.00 for the collection from a customer for Carla Vista Co. of an electronic funds transfer.
2.		A debit for the printing of additional company checks $90.25.

At November 30, the cash balance per books was $11,478.60 and the cash balance per bank statement was $18,067.80. The bank did not make any errors, but Carla Vista Co. made two errors.

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.)

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