Question

Anova Company began business in June and has received its first monthly bank statement. The company has also provided its cash receipts and disbursements information for the month as shown by the following:


Requirements
1. Prepare a bank reconciliation showing the true cash balance at June 30.
2. Prepare the necessary adjustments to the accounting equation to update the records of Anova Company.
3. On which financial statements and in which sections would Anova report its cashbalance?


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  • CreatedSeptember 01, 2014
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