12 BAT CV Bank Reconciliation Assignment 1 Apr 14 2020 Lakeside Boat Company's bank statement for the month of September, 2001 showed a balance per bank of $7,000. The company's Cash account in the general ledger had a balance of $5,459 at September 30. Other information is as follows: (1) (2) (3) Cash receipts for September 30 recorded on the company's books were $5,200 but this amount does not appear on the bank statement. The bank statement shows a debit memorandum for $50 for cheque printing charges. Cheque No. 119 payable to Lynch Company was recorded in the cash payments journal and cleared the bank for $248. A review of the accounts payable subsidiary ledger shows a $36 credit balance in the account of Lynch Company and that the payment to them should have been for $284. The total amount of cheques still outstanding at September 30 amounted to $6,000. Cheque No. 138 was correctly written and paid by the bank for $409. The cash payment journal reflects an entry for Cheque No. 138 as a debit to Accounts Payable and a credit to Cash in Bank for $490. (4) (5) (6) (7) The bank returned an NSF cheque from a customer for $550. The bank included a credit memorandum for $1,260 which represents collection of a customer's note by the bank for the company; principal amount of the note was $1,200 and interest was $60. Interest has not been accrued. Instructions (a) Prepare a bank reconciliation for Lakeside Boat Company at September 30, 2001. (b) Prepare any adjusting entries necessary as a result of the bank reconciliation