Learning Objective 4.05 Reconcile a bank statement [The following information applles to the questions displayed below] In a bank reconciliation we reconclle the bank's cash balance for (1) cash transactions already recorded by the company but not yet recorded by the bank and (2) bank errors. Similarly. we reconcile the company's cash balance for (1) cash transactions already recorded by the bank but not yet recorded by the company and (2) company errors. After we complete the reconciliations, the amounts for the bank balance and the company balance should be equal. Any adjustments to the company's balance need to be recorded. Reconcile Company's Cash Balance Dobit eacds used by emolovesen tomalo purchaming Knowledge Chnck or Provided below are frems related to Betwer Convary during the month or Apint. The campany discovered these items when examoning its statement from. Northern Bank. For each item, indicate whether it repretentc an adcition or a subtraction in reconciling. the ccerosty/s cath beisnce. Required Information Learning Objective 4-05 Reconcile a bank statement [The following information applies to the questions displayed below] In a bank reconciliation we reconcile the bank's cash balance for (1) cash transactions already recorded by the company but not yet recorded by the bank and (2) bank errors. Similarly, we reconcile the company's cash balance for (1) cash transactions already recorded by the bank but not yet recorded by the company and (2) company errors. After we complete the reconciliations, the amounts for the bank balance and the company balance should be equal. Any adjustments to the company's balance need to be recorded. Debit cards used by employees to make purchases Automatic electronic funds transfers (EFTs) between bank accounts Knowledge Check 01 Provided below are items related to Beaver Company during the month of April. The company discovered these items when examining its statement from Nonthem Bank. For each item, indicate whether it represents an addition or a subtraction in reconcling the company's cash balance. Required Information Learning Objective 4-05 Reconcile a bank statement [The following information applles to the questions displayed below] In a bank reconciliation we reconcile the bank's cash balance for (1) cash transactions already recorded by the company but not yet recorded by the bank and (2) bank errors. Similarly, we reconcile the company's cash balance for (1) cash transactions already recorded by the bank but not yet recorded by the company and (2) company errors. After we complete the reconcillations, the amounts for the bank balance and the company balance should be equal. Any adjustments to the company's balance need to be recorded. econcile Company's Cash Balance Dobit eards used by employees to make purehasos Knowledge Check o1 Provided below are thems related to Beaver Company during the month of April. The company discovered these items when examining its statement from Northem Bank. For each item, indicate whether it represents an addition or a subtraction in reconciling the company's cash balance
