Question
Annabelle realizes the general ledger has all of the transactions listed on the bank statement, but the bank statement doesn't have all of the transactions
Annabelle realizes the general ledger has all of the transactions listed on the bank statement, but the bank statement doesn't have all of the transactions listed in the general ledger. She has listed them as necessary on her bank reconciliation form, but now she needs to indicate a new balance.
The general ledger's balance is $3,724.33 and the bank statement's end-of-month balance is $3,124.33.
Which of the following is the correct entry on the bank reconciliation form? As you answer this question, remember that it is possible to have adjusted balances for both the bank statement and the general ledger; but a balance will only be adjusted if there are missing records on that document.
Group of answer choices
Adjusted Ledger Balance of Cash: $3.724.33
Adjusted Ledger Balance of Cash: $3,124.33
Adjusted Bank Statement Balance: $3,124.33
Adjusted Bank Statement Balance: $3,724.33
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