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Explain what a general journal is; describe the process of entering a correcting entry then explain the general principles for reconciling balances outstanding and how

Explain what a general journal is; describe the process of entering a correcting entry then explain the general principles for reconciling balances outstanding and how would you enter something from the statement that decreases the bank balance.

Explain the impact of providing a customer with an account on recording and posting balances to the general ledger.

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