Question
ABC Bank provides the following bank statement for XYZ Corporation as of December 31, 2024: Description Amount ($) Balance per Bank $50,000 Add: Deposit in
ABC Bank provides the following bank statement for XYZ Corporation as of December 31, 2024:
Description | Amount ($) |
Balance per Bank | $50,000 |
Add: Deposit in Transit | $10,000 |
Less: Outstanding Checks | $8,000 |
Bank Service Charge | $200 |
Balance per Books | $48,000 |
Perform a bank reconciliation and identify any adjustments required.
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Horngrens Accounting
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood
10th Canadian edition Volume 1
978-0134213101, 134213106, 133855376, 978-0133855371
