Question: Ace Lawn Care Module 4 Mini Practice Problem In June, Jim Commented to you that he could never figure out his bank statement, it never

 Ace Lawn Care Module 4 Mini Practice Problem In June, Jim

Commented to you that he could never figure out his bank statement,

"it never matches the balance in my accounting records" he tells you.

So you explain that a bank reconciliation is a tool used to

balance the bank statement to the accounting books. He gives you his

Ace Lawn Care Module 4 Mini Practice Problem In June, Jim Commented to you that he could never figure out his bank statement, "it never matches the balance in my accounting records" he tells you. So you explain that a bank reconciliation is a tool used to balance the bank statement to the accounting books. He gives you his bank statement for June, 2014 (shown below). The general ledger shows a balance for the account cash of $14,319.00 on June 30, 2014 (detail transactions below). Jim's business only has one checking account and no other cash accounts. Instructions: 1. Using the bank statement and the general ledger, prepare a bank reconciliation for Ace Lawn Care as of June 30, 2014. Record the necessary journal entries to adjust the books for the appropriate reconciling items. Start with Page 6 for the journal entries Explanations are optional

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