Instructions: - Using the steps in the reconciliation procedure, prepare a bank reconciliation at November 30, 2025. (List items that increase balance as per bank and books first. Round answers to 2 decimal places, e.g. 55,275.50.)- Prepare the adjusting entries based on the reconciliation. (Note: 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 Accounts Receivable.) List all debit entries before credit entries. Round answers to 2 decimal places, e.g. 5,275.50 Cash balance per bankAdd: Deposits in transitLess: Outstanding checksCheck NumberDate11-111-2Adjusted cash balance per bank11-511-411-8245111-10247024712472247411-29Number24702471BLOSSOM COMPANYBank ReconciliationOctober 31, 2025The 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.Checks and Debits247424752476247711-15247911-18 248011-27 248111-2811-30 2483SC2486TotalAmountBank Statement$ 684.20844.501,050.001,640.702,830.00600.001,720.001,330.00695.4086.00575.50Check Amount940.00$1,260.40$12,996.30684.20844.50427.801,050.00Date11-1Deposits and CreditsAmount11-411-811-1311-1811-19 EFT11-2111-2511-20$12,467.901,530.2013,998.1011-304,266.90Total$9,731.20$1,530.201,21160990.102,575.001,472.702,342.002,945.002,567.301,650.001,186.00$18,469.90 The cash records per books for November showed the following.Date Number11-12475247611-211-211-411-811-10 248024772478247911-15 248111-18 24821.2.Cash Payments JournalAmountDate Number$1,640.70 11-2024832,830.00 11-22 2484600.00 11-23 2485538.20 11-2424861,702.00 11-29 24871,330.00 11-302488695.40 Total612.00The bankstatement contained two bank memoranda:Amount$575.50828.50974.80940.00398.00800.00$14,465.10Cash Receipts JournalDateAmount$1,211.6011-311-711-1211-1711-2011-2411-2711-2911-30Total990.102,575.001,472.702,954.002,567.301,650.001,186.001,404.00$16,010.70A credit of $2,342.00 for the collection from a customer for Blossom Company of an electronic funds transfer.A debit for the printing of additional company checks $86.00.At November 30, the cash balance per books was $11,276.80 and the cash balance per bank statement was $17,941.50. The bank did not make any errors, but Blossom Company made two errors.

Bank reconciliation is prepared to find out the causes of difference between the balances of the…

Answered: Cash balance per bank Add: Deposits in…

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 3E

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Instructions:

- Using the steps in the reconciliation procedure, prepare a bank reconciliation at November 30, 2025. (List items that increase balance as per bank and books first. Round answers to 2 decimal places, e.g. 55,275.50.)

- Prepare the adjusting entries based on the reconciliation. (Note: 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 Accounts Receivable.) List all debit entries before credit entries. Round answers to 2 decimal places, e.g. 5,275.50

Cash balance per bank
Add: Deposits in transit
Less: Outstanding checks
Check Number
Date
11-1
11-2
Adjusted cash balance per bank
11-5
11-4
11-8
2451
11-10
2470
2471
2472
2474
11-29
Number
2470
2471
BLOSSOM COMPANY
Bank Reconciliation
October 31, 2025
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.
Checks and Debits
2474
2475
2476
2477
11-15
2479
11-18 2480
11-27 2481
11-28
11-30 2483
SC
2486
Total
Amount
Bank Statement
$ 684.20
844.50
1,050.00
1,640.70
2,830.00
600.00
1,720.00
1,330.00
695.40
86.00
575.50
Check Amount
940.00
$1,260.40
$12,996.30
684.20
844.50
427.80
1,050.00
Date
11-1
Deposits and Credits
Amount
11-4
11-8
11-13
11-18
11-19 EFT
11-21
11-25
11-20
$12,467.90
1,530.20
13,998.10
11-30
4,266.90
Total
$9,731.20
$1,530.20
1,21160
990.10
2,575.00
1,472.70
2,342.00
2,945.00
2,567.30
1,650.00
1,186.00
$18,469.90

The cash records per books for November showed the following.
Date Number
11-1
2475
2476
11-2
11-2
11-4
11-8
11-10 2480
2477
2478
2479
11-15 2481
11-18 2482
1.
2.
Cash Payments Journal
Amount
Date Number
$1,640.70 11-20
2483
2,830.00 11-22 2484
600.00 11-23 2485
538.20 11-24
2486
1,702.00 11-29 2487
1,330.00 11-30
2488
695.40 Total
612.00
The bankstatement contained two bank memoranda:
Amount
$575.50
828.50
974.80
940.00
398.00
800.00
$14,465.10
Cash Receipts Journal
Date
Amount
$1,211.60
11-3
11-7
11-12
11-17
11-20
11-24
11-27
11-29
11-30
Total
990.10
2,575.00
1,472.70
2,954.00
2,567.30
1,650.00
1,186.00
1,404.00
$16,010.70
A credit of $2,342.00 for the collection from a customer for Blossom Company of an electronic funds transfer.
A debit for the printing of additional company checks $86.00.
At November 30, the cash balance per books was $11,276.80 and the cash balance per bank statement was $17,941.50. The bank did not make any errors, but Blossom Company made two errors.

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