Problem 7-4A (Part Level Submission) The bank portion of the bank reconciliation for LaRoche Company

Problem 7-4A (Part Level Submission) The bank portion of the bank reconciliation for LaRoche Company at October 31, 2014, is shown below

LAROCHE COMPANY
Bank Reconciliation
October 31, 2014 Cash balance per bank $12,83389 Add: Deposits in transit 1,53020 Less: Outstanding checks 14,36409 Check Number Check Amount 2451 $ 1,26040 2470 68420 2471 84450 2472 42901 2474 1,05000 4,26811 Adjusted cash balance per bank $10,09598

The adjusted cash balance per bank agreed with the cash 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 $ 68420 11-1 $ 1,53020 11-2 2471 84450 11-4 1,21160 11-5 2474 1,05000 11-8 99010 11-4 2475 1,64070 11-13 2,57500 11-8 2476 2,83000 11-18 1,47270 11-10 2477 60000 11-21 2,94500 11-15 2479 1,73000 11-25 2,56730 11-18 2480 1,33000 11-28 1,65000 11-27 2481 69540 11-30 1,18600 11-30 2483 57550 Total 16,12790 11-29 2486 94000 Total $12,92030

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 $1,64070 11-20 2483 $ 57550 11-3 $ 1,21160 11-2 2476 2,83000 11-22 2484 82729 11-7 99010 11-2 2477 60000 11-23 2485 97480 11-12 2,57500 11-4 2478 53820 11-24 2486 94000 11-17 1,47270 11-8 2479 1,70300 11-29 2487 39800 11-20 2,95400 11-10 2480 1,33000 11-30 2488 80000 11-24 2,56730 11-15 2481 69540 Total $14,46489 11-27 1,65000 11-18 2482 61200 11-29 1,18600 11-30 1,76999 Total $16,37669

The bank statement contained two bank memoranda: 1 A credit of $2,35515 for the collection of a $2,21315 note for LaRoche Company plus interest of $15700 and less a collection fee of $1500 LaRoche Company has not accrued any interest on the note 2 A debit for the printing of additional company checks $8721

At November 30, the cash balance per books was $12,00778 and the cash balance per bank statement was $18,30943 The bank did not make any errors, but LaRoche Company made two errors

(a) Using the four steps in the reconciliation procedure, prepare a bank reconciliation at November 30, 2014

LAROCHE COMPANY
Bank Reconciliation
November 30, 2014 Outstanding checksError in recording checkCash balance per bank statementError in depositAdjusted cash balance per booksCollection of note receivableCheck printing chargeDeposits in transitAdjusted cash balance per bank $ Add: Outstanding checksAdjusted cash balance per bankError in recording checkCollection of note receivableAdjusted cash balance per booksDeposits in transitCheck printing chargeError in depositCash balance per bank statement Less: Check printing chargeCollection of note receivableCash balance per bank statementError in recording checkError in depositAdjusted cash balance per bankAdjusted cash balance per booksDeposits in transitOutstanding checks No 2451No 2470No 2471No 2472No 2474No 2475No 2476No 2477No 2478No 2479No 2480No 2481No 2482No 2483No 2484No 2485No 2486No 2487No 2488 $ No 2451No 2470No 2471No 2472No 2474No 2475No 2476No 2477No 2478No 2479No 2480No 2481No 2482No 2483No 2484No 2485No 2486No 2487No 2488 No 2451No 2470No 2471No 2472No 2474No 2475No 2476No 2477No 2478No 2479No 2480No 2481No 2482No 2483No 2484No 2485No 2486No 2487No 2488 No 2451No 2470No 2471No 2472No 2474No 2475No 2476No 2477No 2478No 2479No 2480No 2481No 2482No 2483No 2484No 2485No 2486No 2487No 2488 No 2451No 2470No 2471No 2472No 2474No 2475No 2476No 2477No 2478No 2479No 2480No 2481No 2482No 2483No 2484No 2485No 2486No 2487No 2488 No 2451No 2470No 2471No 2472No 2474No 2475No 2476No 2477No 2478No 2479No 2480No 2481No 2482No 2483No 2484No 2485No 2486No 2487No 2488 No 2451No 2470No 2471No 2472No 2474No 2475No 2476No 2477No 2478No 2479No 2480No 2481No 2482No 2483No 2484No 2485No 2486No 2487No 2488 No 2451No 2470No 2471No 2472No 2474No 2475No 2476No 2477No 2478No 2479No 2480No 2481No 2482No 2483No 2484No 2485No 2486No 2487No 2488 Outstanding checksAdjusted cash balance per booksAdjusted cash balance per bankDeposits in transitCollection of note receivableCash balance per bank statementCheck printing chargeError in recording checkError in deposit $ Outstanding checksCollection of note receivableError in depositDeposits in transitAdjusted cash balance per booksAdjusted cash balance per bankCheck printing chargeCash balance per booksError in recording check $ Add: Check printing chargeCollection of note receivableError in depositAdjusted cash balance per bankCash balance per booksError in recording checkAdjusted cash balance per booksDeposits in transitOutstanding checks Less: Check printing chargeError in recording checkError in depositOutstanding checksAdjusted cash balance per booksDeposits in transitCash balance per booksCollection of note receivableAdjusted cash balance per bank $ Collection of note receivableCash balance per booksCheck printing chargeOutstanding checksError in recording checkError in depositAdjusted cash balance per bankAdjusted cash balance per booksDeposits in transit Error in recording checkOutstanding checksCash balance per booksCollection of note receivableAdjusted cash balance per bankError in depositCheck printing chargeAdjusted cash balance per booksDeposits in transit Adjusted cash balance per bankAdjusted cash balance per booksDeposits in transitError in recording checkOutstanding checksCollection of note receivableCash balance per booksCheck printing chargeError in deposit $ Attempts: 0 of 5 used SAVE FOR LATER SUBMIT ANSWER (b)

The parts of this question must be completed in order This part will be available when you complete the part above

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