Question
Question 1 The September 30 bank statement for Bordeaux Corporation and the September ledger account for cash are summarized here: No outstanding cheques and no
Question 1
The September 30 bank statement for Bordeaux Corporation and the September ledger account for cash are summarized here:
No outstanding cheques and no deposits in transit were noted in August. However, there are deposits in transit and cheques outstanding at the end of September. The NSF cheque and electronic funds transfer (EFT) involved transactions with Bordeaux Corporations customers.
- Prepare a bank reconciliation.
- Prepare any journal entries that should be made as the result of the bank reconciliation. (If no entry is required for a transaction/event, write "No journal entry required")
- . What should the balance in the Cash account be after recording the journal entries in requirement 2?
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Active Auditing A Practical Guide To Lean And Agile Auditing
Authors: Prescott Coleman, Sandy Kasahara
1st Edition
1092839305, 978-1092839303
