Question
ABC Company's bank statement for December 31, 2024, shows a balance of $25,000. The cash book shows a balance of $28,000. Upon investigation, it was
ABC Company's bank statement for December 31, 2024, shows a balance of $25,000. The cash book shows a balance of $28,000. Upon investigation, it was found that the bank erroneously debited the company's account for $3,000. Prepare a bank reconciliation statement and adjust the balances.
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
4th edition
1259578542, 978-1259578540
