Question
Problem 7-4A The bank portion of the bank reconciliation for Horsman Company at October 31, 2012, is shown below. HORSMAN COMPANY Bank Reconciliation October 31,
Problem 7-4A The bank portion of the bank reconciliation for Horsman Company at October 31, 2012, is shown below.
The adjusted cash balance per bank agreed with the cash balance per books at October 31. The November bank statement showed the following checks and deposits.
The cash records per books for November showed the following.
The bank statement contained two bank memoranda:
At November 30, the cash balance per books was $12,014.06and the cash balance per bank statement was $18,336.81. The bank did not make any errors, but Horsman Company made two errors.
(a) Prepare a bank reconciliation at November 30, 2012. (b) Prepare the adjusting entries based on the reconciliation. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
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