Bank Reconciliation The company received a bank statement at the end of the month. The statement contained
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Bank Reconciliation The company received a bank statement at the end of the month. The statement contained the following:
In comparing the bank statement to its own cash records, the company found the following:
Before making any adjustments suggested by the bank statement, the cash balance according to the books is $23,040. What is the correct cash balance as of the end of the month?
Verify this amount by reconciling the bank statement with the cash balance on the books.
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Related Book For
Accounting Concepts And Applications
ISBN: 9780324376159
10th Edition
Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice, Monte R. Swain
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