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Akland Enterprises began operations on August 2, 2020, depositing $45,000 in the bank. During this first month of business, the following transactions occurred that affected
Akland Enterprises began operations on August 2, 2020, depositing $45,000 in the bank. During this first month of business, the following transactions occurred that affected the Cash account in the general ledger. (Click the icon to view the transactions.) Shortly after the end of August, the company received its first bank statement. (Click the icon to view the August bank statement.) In preparing to do the bank reconciliation, Akland Enterprises noticed that the $2,300 deposit on August 29 was a bank error and informed the bank. The bank will correct the error on the next bank statement. Required Prepare Akland Enterprises's bank reconciliation at August 31, 2020. Transactions Bank Statement Begin by preparing the bank section of the bank reconciliation. Then, prepare the book section of the bank reconciliation. Akland Enterprises
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