Horngren's Financial & Managerial Accounting, The Financial Chapters (Book & Access Card)
Horngren's Financial & Managerial Accounting, The Financial Chapters (Book & Access Card)
5th Edition
ISBN: 9780134078939
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Chapter 7, Problem 7.25AP

Requirement 1:

To determine

Bank Reconciliation Statement: Bank statement is prepared by bank. The company maintains its own records from its perspective. This is why the cash balance per bank and cash balance per books seldom agree. Bank reconciliation is the statement prepared by company to remove the differences and disagreement between cash balance per bank and cash balance per books.

To Prepare: Bank reconciliation of D Insurance as at December 31, 2016.

Requirement 2:

To determine

To Record: Journal entries that arise due to bank reconciliation to be recorded in the books of D Insurance.

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Chapter 7 Solutions

Horngren's Financial & Managerial Accounting, The Financial Chapters (Book & Access Card)

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