Question
2. Prepare a bank reconciliation for December 20Y5. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices
2. Prepare a bank reconciliation for December 20Y5. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Enter all amounts as positive numbers.
Kornett Company |
Bank Reconciliation |
December 31, 20Y5 |
1 | Balance according to bank statement |
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2 | Adjustments: |
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6 | Balance according to companys records |
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7 | Adjustments: |
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Balance Sheet
5. Based on the following information and the post-closing trial balance on the Instructions panel, prepare a balance sheet in report form at December 31, 20Y5. Be sure to complete the heading of the balance sheet. Enter assets in the order in which they appear in the post-closing trial balance. Refer to information given in the problem and the Labels and Amount Descriptions list for exact wording of text entries. There is no need to include (current portion) or a due date with any account titles. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Round your answers to the nearest dollar
Kornett Company |
Balance Sheet |
1 | Assets |
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CHART OF ACCOUNTS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Kornett Company | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
General Ledger | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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