Question: use the format below which i will post jn the 2 nd image, answer for excrecise D. the 2 nd image if for reference Exercise

use the format below which i will post jn the 2 nd image, answer for excrecise D. the 2 nd image if for reference

Exercise D From the following data, prepare a bank reconciliation and determine the correct available cash balance for Reed Company as of 2010 October 31. Balance per bank statement, 2010 October 31 $13,974 Ledger account balance. 2010 October 31 8,088 Proceeds of a note collected by bank not yet entered in ledger (includes $500 of interest) 6,000 Bank service charges not yet entered by Reed Company 18 Deposit in transit 1,680 Outstanding checks: No. 327 654 No. 328 288 No. 329 390 No. 331 252 R.L. LEE COMPANY Bank Reconciliation 2010 May 31 1 Balance per bank statement, 2010 May 31 2 Add: Deposit in transit $3,252 452 $3,704 $322 168 223 3 Less: Outstanding checks: No. 9544 No. 9545 No. 9546 Adjusted balance, 2010 May 31, 1 Balance per ledger, 2010 May 31 4 Add: Note collected (including interest of $25) 713 $2,991 $1,891 1,225 $3,116 $102 15 8 5 Less: NSF check (R. Johnson) 6 Safe-deposit box rent 6 Service charges Adjusted balance, 2010 May 31 Exhibit 75: Bank reconciliation 125 $2,991

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