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19. After the bank statement is reconciled, what is done with the reconciliation worksheet? 1 It is thrown out after the account is in balance.

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19. After the bank statement is reconciled, what is done with the reconciliation worksheet? 1 It is thrown out after the account is in balance. 2. It is attached to a copy of the bank statement and filed for future reference. 3. It is placed in the general ledger. 4. It is placed in the cash journal. 5 None of the above. From the following information perform the following: 20. Create a trial balance showing debits and credits. 1. Draft a balance sheet and income statement. 2. 10,000 20,000 100,000 50,000 120,000 120,000 5,000 15,000 15,000 5,000 25,000 5,000 25,000 90,000 80,000 5,000 50,000 Cash Wages Sales Capital Stock Mortgage on Land Land Payroll taxes payable Accounts payable Office expense Depreciation Accumulated depreciation Beginning retained earnings Furniture Accounts Receivable Cost of goods sold Payroll taxes Bank loan

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