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The following data were gathered to use in reconciling the bank account of Reddan Company: a . What is the adjusted balance on the bank
The following data were gathered to use in reconciling the bank account of Reddan Company:
a What is the adjusted balance on the bank reconciliation?
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a Set up two sections: one for the company cash account section and the other for the bank balance section. Determine the effect of the data
balances in the bank and company sections of the reconciliation must be equal. If not, an item has been overlooked or treated in error.
b Journalize any necessary entries for Lays Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank.
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