Fundamental Accounting Principles
Fundamental Accounting Principles
23rd Edition
ISBN: 9781259536359
Author: John J Wild, Ken Shaw Accounting Professor, Barbara Chiappetta Fundamental Accounting Principles
Publisher: McGraw-Hill Education
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Chapter 8, Problem 5APSA
To determine

Concept Introduction:

Bank Reconciliation Statement: A Bank Reconciliation Statement is the reconciliation between the Bank balance as per Cash book and bank balance as per Bank Statement. The purpose of this reconciliation is to find out the differences and make necessary adjustments in the cash book.

Requirement-1:

To prepare: The Bank Reconciliation for the company as of Sep. 30, 2017

To determine

Requirement-2:

To prepare: The adjusting journal entries to reconcile the cash book with the bank balance

To determine

Requirement-3:

To Describe: Situations explaining a bank statement revealing the missing prenumbered checks

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