Question: Need help in preparing a Bank Reconciliation. Here is the information provided that I believe is necessary to complete. Please inform me if additional information

Need help in preparing a Bank Reconciliation. Here is the information provided that I believe is necessary to complete. Please inform me if additional information is needed such as journal entries, etc. Thank you.
 Need help in preparing a Bank Reconciliation. Here is the information
provided that I believe is necessary to complete. Please inform me if

In this part of the practice set, the student will prepare a Bank Reconciliation for the month of January. Start by using the ending balance in your cash account for the cash for your books and the ending balance on the bank statement for the bank balance. Requirements Correct Errors: Correct any errors that you made on the journal entries. Both the debits and the credits must equal each other. Bank Reconciliation: Using the cash balance per books and the bank statement, prepare a bank reconciliation. An example of the Bank reconciliation is located at the back of this practice set. Record Bank Reconciliation Adjustments: After you have prepared the bank reconciliation you must make any adjusting journal entries to your cash account by entering them in the general journal of the practice set so that the general ledger cash account agrees with the bank reconciliation. Assume that any errors are made by the bank. After preparing the bank reconciliation answer the questions in Blackboard and then staple the bank reconciliation to the back cover. 1. 2. 3. 4. 5. In this part of the practice set, the student will prepare a Bank Reconciliation for the month of January. Start by using the ending balance in your cash account for the cash for your books and the ending balance on the bank statement for the bank balance. Requirements Correct Errors: Correct any errors that you made on the journal entries. Both the debits and the credits must equal each other. Bank Reconciliation: Using the cash balance per books and the bank statement, prepare a bank reconciliation. An example of the Bank reconciliation is located at the back of this practice set. Record Bank Reconciliation Adjustments: After you have prepared the bank reconciliation you must make any adjusting journal entries to your cash account by entering them in the general journal of the practice set so that the general ledger cash account agrees with the bank reconciliation. Assume that any errors are made by the bank. After preparing the bank reconciliation answer the questions in Blackboard and then staple the bank reconciliation to the back cover. 1. 2. 3. 4. 5

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!