An accounting clerk for Lock-It Co. prepared the following bank reconciliation:

a. From the data in the above bank reconciliation, prepare a new bank reconciliation for Lock-It Co., using the format shown in the illustrative problem.
b. If a balance sheet were prepared for Lock-It Co. on October 31, 2008, what amount should be reported forcash?

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Lock-lt Co. Bank Reconciliation October 31, 2008 9,305.60 Error by Lock-lt Co. in recording Check 540.00 Note for $5,000 collected by bank, induding interest..5,375.00 13,030.35 $22,335.95 $13,690.45 45.00 13,735.45 S 8,600.50 Cash balance according to bank statement .