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bank portion of weak conciliation for Bogalusa Company at October 31 ILOR P7.4A (LO3), AP The bank portion of die U 2022, is shown below. Prepare a bank reconciliatio and adjusting entries from detailed data Bogalusa Company Bank Reconciliation October 31, 2022 Cash balance per bank Add: Deposits in transit $12,367.90 1.530.20 13,898.10 Check Amount $1.260.40 Less: Outstanding checks Check Number 2451 2470 2471 2472 2474 Adjusted cash balance per bank 684.20 844,50 426.80 1,050.00 4,265.90 $9,632.20 The adiusted cash balance per bank agreed with the cash balance per books at October 31 The November bank statement showed the following checks and deposits. Date 11-2 11-5 Deposits and Credits Date Amount 11-1 $ 1.530.20 11-4 1.211.60 11-8 990.10 11-13 2,575.00 1.472.70 11-19 EFT 2.242.00 11-21 2,945.00 11-25 2.567.30 11-28 1.650.00 11-30 1.186.00 Total $18,369,90 11-18 Bank Statement Checks and Debits Number Amount 2470 $ 684.20 2471 844.50 2474 1,050.00 2475 1.640.70 2476 2,830,00 2477 600.00 2479 1,750.00 2480 1,330.00 695.40 SC 85.00 2483 575.50 2486 940.00 Total $13.025,30 11-8 11-10 11-15 11-18 11-27 11-28 11-30 11-29 2481 The cash records per books for November showed the following 11-7 Cash Payments Journal Date Number Amount Date Number 11 2 475 $1,640,70 11-20 2483 11- 2 2 476 2,830.00 11-22 2484 11-2 2477 600.00 11-23 2485 11-4 2478 538.20 11-24 2486 11-8 2479 1.705.00 11-29 2487 11-10 2480 1,330.00 11-30 2488 11-15 2481 695.40 Total 11-18 2482 612.00 Amount $ 575.50 829.50 974.80 940.00 398,00 800.00 $14,469,10 Cash Receipts Journal Date Amount 11-3 $ 1.211.60 990.10 11-12 2.575.00 11-17 1,472.70 11-20 2,954.00 11-24 2,567.30 11-27 1.650.00 11-29 1,186.00 11-30 1,304.00 Total $15.910.70 HAPTER 7 Fraud, Internal Control, and Cash The bank statement contained two bank memoranda: 1. A credit of $2,242 for the collection from a customer for Bogalusa Company of an electronic funds transfer. 2. A debit for the printing of additional company checks $85. At November 30, the cash balance per books was $11,073.80 and the cash balance per bank statement was $17,712.50. The bank did not make any errors, but Bogalusa Company made two errors. cash bal. $13,176.80 Instructions a. Using the steps in the reconciliation procedure described in the chapter, prepare a bank reconcilia- tion at November 30, 2022. b. Prepare the adjusting entries based on the reconciliation. (Note: The correction of any errors pertain ing to recording checks should be made to Accounts Payable. The correction of any errors relating to recording cash receipts should be made to Accounts Receivable.)

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