Bank Reconciliation statement is given below Bank Statement Balance $3,678 Book Balance $2,547 Add: Deposit in Transit
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Question:
Bank Reconciliation statement is given below
| Bank Statement Balance $3,678 | Book Balance $2,547 | ||
Add: Deposit in Transit $321 | Add: Notes Receivable Collected $1,035 | ||
Less: Outstanding Checks ($108 + $334) ($442) | Less: Bank Charges ($25) | ||
| Adjusted bank balance $3,557 | Adjusted book balance $3,557 | ||
Attach a Tabular Analysis to show business adjustments for the Bank Reconciliation. Include totals and the Accounting Equation.
Expert Answer:
Heres a tabular analysis showing the adjustments for the Bank Reconciliation bash B... View the full answer
Related Book For 
Financial Accounting Tools for Business Decision Making
ISBN: 978-0470239803
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
