Cash family, Enterprises deposits, cash receipts intact at the end of each business day, they also prepare a bank reconciliation upon receipt of the bank statement each month. Data for the November 30 bank statement are in the spreadsheet.

A. Prepare the bank reconciliation for November in good form use a format that reconciles both the bank balance, and the book balance for the correct month end balance.

B. Prepare the journal entry required for November 30, based on your reconciliation.

C. Explain why the staff member should prepare the reconciliation should not be someone who is involved with depositing cash or writing checks.

Answer rating: 100% (QA)

A Bank Reconciliation for November Bank Statement Beginning Balance Deposits x Y Outstan... View the full answer