Question

1. From this information, prepare bank reconciliation for the Lamars as of October 5, 2015, using a form like the one in Worksheet 4.1.
2. Given your answer to Question 1, what, if any, adjustments will the Lamars need to make in their checkbook ledger? Comment on the procedures used to reconcile their checking account and their findings.
3. If the Lamars earned interest on their idle balances because the account is a money market deposit account, what impact would this have on the reconciliation process?Explain.


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  • CreatedFebruary 13, 2015
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