1.

Lopez Hair Designs has a company (book) balance of $31,600 and a bank balance of $25,100. The following additional information is available:

Deposits in Transit: $15,000

Outstanding checks: 4,600

Notes Receivable collected by the bank 5,500

Not sufficient funds (NSF) 1,500

Bank fees 100

Prepare a reconciliation:

Adjusted balance per bank	Adjusted balance per books

2.

Jones Corporation has a book balance of $89,848 and a bank balance of 92,800. The following additional information is available:

Deposits in transit $20,000

Outstanding checks $12,000

Notes Receivable collected by the bank $10,800

Bank fees $100

Jones Corporation incorrectly recorded on their books a check for $680 that should have been recorded at $428.

Prepare a reconciliation.

Adjusted balance per bank	Adjusted balance per books