An accounting clerk for Grebe Co. prepared the following bank reconciliation: a. From the bank reconciliation data

Question:

An accounting clerk for Grebe Co. prepared the following bank reconciliation:

a. From the bank reconciliation data on the previous page, prepare a new bank reconciliation for Grebe Co., using the format shown in the illustrative problem.b. If a balance sheet were prepared for Grebe Co. on August 31, 2010, what amount should be reported forcash?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...