The T-account for cash and the bank statement of Lawn Doctor Services for the mo

Question

The T-account for cash and the bank statement of Lawn Doctor Services for the month of January 2016 follows EEB (Click the icon to view the T-account.) Prepare Lawn Doctor Services' bank reconciliation at January 31 (Click the icon to view the bank statement.) Bank Statement: Bal, Jan 1 Deposits Deposits Bank collection Interest Checks: No S 3,085 Lawn Doctor Services Bank Reconciliation January 31, 2016 825 520 BANK BOOKS 1,350 Balance, January 31 Balance, January 31 Amount 620 270 Add Add 704 705 (890) Other Charges Service charge 40 (40) Less: Less S 3,505 Bal, Jan 31 Adjusted bank balance Adjusted book balance

Explanation / Answer

Bank Reconcili

ation statement at Jan 31

Bank Books Balance, Jan 31 $3,505 Balance, Jan 31 $2,450 Add: Add: Deposit on Jan 31 $290 Bank collection $520 $3,795 Interest $5 $2,975 Less: Less: Check #706 $860 Service charges $40 Adjusted Bank balance $2,935 Adjusted Book balance $2,935

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