Using the following information, prepare the bank reconciliation for Reconciliation Corp for November 30, 2014. Be sure to exclude items that do not belong on a bank reconciliation. A. The unadjusted balance of cash in the general ledger was a debit balance of $2,000. B. The ending balance of cash per the bank statement was $2,500. C. Outstanding checks are $975. D. Bank service charge on the bank statement was $25. E. Ending balance of notes receivable in the general ledger is $500. F. Interest earned on the bank statement was $50. G. Deposits in transit are $500.
Using the following information, prepare the bank reconciliation for Reconciliation Corp for November 30, 2014. Be sure to exclude items that do not belong on a bank reconciliation. A. The unadjusted balance of cash in the general ledger was a debit balance of $2,000. B. The ending balance of cash per the bank statement was $2,500. C. Outstanding checks are $975. D. Bank service charge on the bank statement was $25. E. Ending balance of notes receivable in the general ledger is $500. F. Interest earned on the bank statement was $50. G. Deposits in transit are $500.
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 11EB: Using the following information, prepare a bank reconciliation. Bank balance: $12,565. Book...
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Using the following information, prepare the bank reconciliation for Reconciliation Corp for November 30, 2014.
Be sure to exclude items that do not belong on a bank reconciliation.
A. The unadjusted balance of cash in the general ledger was a debit balance of $2,000.
B. The ending balance of cash per the bank statement was $2,500.
C. Outstanding checks are $975.
D. Bank service charge on the bank statement was $25.
E. Ending balance of notes receivable in the general ledger is $500.
F. Interest earned on the bank statement was $50.
G. Deposits in transit are $500.
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