Prepare a bank reconciliation: Rainbow Industries gathered the following information prior to reconciling their cash balance per books (internal accounting records) to the recently received bank statement for the month ending August 30, 2018: Cash per balance per books, 8/30 $ 7,075 Deposits in transit $1,000 NSF check $ 420 Bank services charges $ 30 Outstanding checks $5,500 Notes Receivable collected by the $ 600 bank Cash balance per bank, 8/30 $ 11,725 Perform the bank reconciliation. The ADJUSTED CASH BALANCE PER BANK as of August 30, 2018 would be:. A) $12,175
B) $2,875
C) $10,175
D) $7,225

Problem 1. the following balance sheet contains errors. lopez services,inc. balance sheet for the year ended december 31, 20-- assets liabilities current assets: current liabilities: cash $ 6,170 accounts receivable $ 9,000 accounts payable 8,500 accum. depr- building 13,525 supplies 1,590 accum. depr- equipment 6,340 prepaid insurance 345 net income 12,500 land 25,000 total current assets $ 42,105 total liabilities $ 40,865 stockholders equity property, plant, and equipment: wages payable $ 500 building $ 45,500 retained earnings 10,000 equipment 28,250 total stockholders' equity $ 64,490 total property, plant, and equipment 73,750 total assets $115,855 total liabilities and stockholders' equity $115,855 (a) list the errors in the balance sheet above and (b) prepare a corrected balance sheet using ms excel