An accounting clerk for Lock-It Co. prepared the following bank reconciliation: a. From the data in the

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An accounting clerk for Lock-It Co. prepared the following bank reconciliation:


An accounting clerk for Lock-It Co. prepared the following bank


a. From the data in the above bank reconciliation, prepare a new bank reconciliation for Lock-It Co., using the format shown in the illustrative problem.
b. If a balance sheet were prepared for Lock-It Co. on October 31, 2008, 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...
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Accounting

ISBN: 978-0324401844

22nd Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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