Question

In auditing Train Company, you obtain directly from the bank Train’s bank statement, canceled checks, and other memoranda which relate to the company’s bank account for December 2016. In reconciling the bank balance on December 31, 2016, with that shown on Trains’s books, you observe the following facts:
Required:
1. Prepare a reconciliation of Train’s bank account.
2. Prepare journal entries to adjust Train’s books to reflect the correct bank balance on December 31, 2016.


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  • CreatedOctober 05, 2015
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