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Explain for bank reconciliation, please. Question 2 Note the following information related to a company's cash account: Cash Balance per Bank 9,610 2,417 486 Cash
Explain for bank reconciliation, please.
Question 2 Note the following information related to a company's cash account: Cash Balance per Bank 9,610 2,417 486 Cash balancer per bank, 12/31/19 Check #6832 cleared the bank for $240, but erroneously recorded by company for $268 Outstanding checks Deposit by ABC Inc erroneously recorded to the company by the bank NSF check returned by bank Cash balance per books, 12/31/19 December 2019 interest per bank Check mailed to bank for a deposit that had not reached the bank by 12/31/19 281 7,430 30 500 O Prepare a bank reconciliation for the company for the month ended December 2019. Prepare any journal entries that should be made based on the reconciliation preparedStep by Step Solution
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