Question

The Green Box Company has just received its September bank statement from Example Bank. You gather the following information to prepare the September 30, 2015, bank reconciliation.
SEPTEMBER BANK STATEMENT:
CASH ACCOUNT TRANSACTIONS FOR SEPTEMBER:
GL ACCOUNT: 1080 Bank Account
For the period of Sept 01/15 to Sept 30/15
BANK RECONCILIATION FOR PRECEDING MONTH (DATED AUGUST 31):
Instructions
1. Prepare a bank reconciliation as at September 30, 2015. Assume that any errors in recording deposits or cheques were made by the bank. Deposits are made on Friday evenings.
2. Briefly explain how any errors were reflected in the bank reconciliation and how they should be corrected.
3. Journalize any necessary entries.
4. What should be the balance of the Cash Account as at September 30, 2015?


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  • CreatedSeptember 15, 2015
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