You work in the accounting department at Accountants-R-Us, Inc. and just received the December bank statement. Use the following information to create the bank reconciliation for the month-ended December 2020. Then, prepare the necessary journal entries on the next tab. (Assume that you journalize any bounced checks, bank fees, and wire transfers AFTER receiving the bank statement and preparing the December bank statement balance, ending Cash ledger balance at 12/31/2020 NSF/bounced check Outstanding checks Incoming EFT for interest on a note Bank fees on bank statement Deposits in transit Prepare the bank reconciliation below: Balance per Bank Unadjusted Balance per Bank at 12/31 Bank rec Instructions and key $20,000 $16,500 $2,000 $13,325 $200 $25 $8,000 ACCOUNTANTS-R-US, INC. BANK RECONCILIATION 31-Dec-20 Straight line Balance per Books Unadjusted Balance per Books at 12/31 Activity based + Double decline

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To prepare the bank reconciliation for AccountantsRUs Inc for the month ended December 2020 we need ... View the full answer