Valentine Investigations has the following information for its cash account: Balance, 1/31 ..............$ 5,030 Deposits during February
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Valentine Investigations has the following information for its cash account:
Balance, 1/31 ..............$ 5,030
Deposits during February ......... 93,160
Checks written during February ...... 92,270
Valentine's bank statement for February contained the following information:
A comparison of company records with the bank statement provided the following data:
Required:
1. Prepare a bank reconciliation.
2. Prepare adjusting entries for Valentine based on the information developed in the bankreconciliation.
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Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-0324787351
1st Edition
Authors: Rich Jones, Mowen, Hansen, Heitger
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