Question 5 marks Question 2 The following is a listing of all of the transactions in Sunlyte Corporation's Cash ledger for the month of September: Sunlyte Corp. Cash Ledger Description Debite Credite Balanced 925.20 4 221.60 703.60 4 Septle Open Balanced Septle Chq #00064 Septle Chq #00074 Sept 1e Chq #00084 Septie Chq #00094 Sept 142 Deposite Sept 30- Deposite 221.60 482.00 221.60 260.40 221.60 38.804 427.40 e 466.204 50.60 516.804 Sunlyte downloaded the following information from its bank on the morning of Oct 1. Bank Statement Account 100-1040 Account Name: Sunlyte Corp. Date Description Debite Credite Balance Septle Open Balance 925.20 Sept 1e Chq #00084 221.00 704.20 Sept 9 Chq #00092 221.60 482.60 Sept 15- Deposite 427.40 910.00 Sept 154 Chq #00074 221.60 688.40 Sept 162 Returned Item 400.80 287.60 Sept 302 Intereste 3.00 290.60 Sept 30- Service Charge 15.00 275.60 At September 30, Sunlyte's Income Statement showed Net Income as $500.- All of Sunlyte's customers are long-time repeat customers and they have little concern about being able to collect from customers. A. How much cash did Sunlyte actually have on hand at Sept 3074 B. Reconcile the bank account and Cash GL at Sept 307 C. What is the revised Net Income based on the information based on the Bank Reconciliation (show your work). C