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Part 2. Preparing a Bank Reconciliation Prepare a bank reconciliation for the Smith Company as of...

Part 2. Preparing a Bank Reconciliation

Prepare a bank reconciliation for the Smith Company as of December 31, 2020.The heading should contain the name of Smith Company’s Bank: Lake Street Bank.

The data you will need is as follows:

Balance per bank statement as of December 31, 2020                   $82,175

Deposits in transit as of December 31, 2020                                      $11,614

Outstanding checks as of December 31, 2020                                   $23,193

Correct Cash Balance as of December 31, 2020                                 $70,596

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