Reconcile Henry's month-end bank account balance and, based on your analysis, indicate what corrections you would make
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Reconcile Henry's month-end bank account balance and, based on your analysis, indicate what corrections you would make to Henry's records:
1. Month-end bank balance according to the bank's statement, $8791
2. Month-end bank balance according to Henry's records, $7371
3. Outstanding cheques (not processed by the bank yet), $ 1877
4. Outstanding deposit (not processed by the bank yet), $250
5. Bank charges Henry did not know about, $43
6. Someone else's cheque put through Henry's account by the bank, $185
7. Interest on the bank balance credited to Henry by the bank but not known to Henry, $21.
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Related Book For
Financial Accounting An Integrated Approach
ISBN: 9780170349680
6th Edition
Authors: Ken Trotman, Michael Gibbins, Elizabeth Carson
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