MyLab Accounting with Pearson eText -- Access Card -- for Horngren's Accounting, The Financial Chapters (My Accounting Lab)
MyLab Accounting with Pearson eText -- Access Card -- for Horngren's Accounting, The Financial Chapters (My Accounting Lab)
11th Edition
ISBN: 9780133877502
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Chapter 8, Problem P8.34PS
To determine

Bank Reconciliation Statement:

TheBank reconciliation statement is a statement prepared at periodic interval to know the reasons for the difference in balances in bank account as reflected in the bank statement and books of account. The statement not only finds the reasons for differences in the two statement of accounts but also helps in ensuring the true and correct balances in two accounts by rectification and adjustment required to be made in the two books.

This will help in ensuring that the adjusted and reconciled balances of two statement matches each other.

Requirement1:

The preparation of bank reconciliation statement for the month ending Jan31, 2018

To determine

Requirement2:

The Journal entries to be passed in the books for reconciliation of cash balance.

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Chapter 8 Solutions

MyLab Accounting with Pearson eText -- Access Card -- for Horngren's Accounting, The Financial Chapters (My Accounting Lab)

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