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I'm having difficulty understanding bank reconcilliation. This is a practice question I'm stuck on. The bank portion of the bank reconciliation for Bogalusa Company at
I'm having difficulty understanding bank reconcilliation. This is a practice question I'm stuck on.
The bank portion of the bank reconciliation for Bogalusa Company at October 31,2022 , is as follows. The adjusted cash balance per bank agreed with the adjusted cash balance per books at October 31 . All necessary journal entries were made at the end of October. The November bank statement showed the following cherks and denosits. The cash records per books for November showed the following. Total $15.910.70 The November bank statement contained two bank memoranda: 1. A credit of $2,242.00 for the collection for Bogalusa Company of an electronic funds transfer. 2. A debit for the printing of additional company checks $85.00. At November 30 , the cash balance per books was $11,073.80 and the cash balance per the bank statement was $17,712.50. The bank did not make any errors, but Bogalusa Company made two errors Step by Step Solution
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