Homework Answers
| LYONS CHEMICAL | |||||
| Bank Reconciliation | |||||
| October 06, 1988 | |||||
| Bank's Cash Balance | Company's Cash Balance | ||||
| Cash balance as per bank statement | $26,471.84 | Cash balance as per checkbook | $24,277.12 | ||
| Add: | Add: | ||||
| Deposits outstanding (Late deposits) | $943.85 | Collection of note by bank | $112.80 | ||
| $27,415.69 | $24,389.92 | ||||
| Less: | Less: | ||||
| Checks outstanding | ($3,124.77) | NSF check | ($87.50) | ||
| Service fees | ($11.50) | ($99.00) | |||
| Adjusted bank balance | $24,290.92 | Adjusted book balance | $24,290.92 | ||
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Only need help with Question 2
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