Option #1: Conducting a Bank Reconciliation
Note: Part 1 is the bankreconciliation itself and Part 2 is for the adjustingentries.
Instructions: Using the information below,complete the bank reconciliation for both the “book” and
the “bank” sides and create all necessary adjusting journalentries.
- Cash balance per company’s records as of July 31st, 2011 was$66,955.
- Bank statement balance as of July 31st, 2011 was $15,875.
- A deposit in the amount of $52,000 was deposited into the ... View full description