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 Companys 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