repare adjusting journal entries to reconcile the book and bank balances
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Prepare

Transcribed Image Text:Step 1
A bank reconciliation statement is prepared for reconciling the company's cash book
with the bank statement.
Step 2
Bank Reconciliation Statement
Ms. Cherie Eruela
As of Feb 21A
Date
Particulars
Amounts
$292,150
25/2 Closing balance as per bank statement
15/2 Uncleared Payment(Alma Mae Pedrosa)
19/2 Bank charges(DM)
(35,000)
2,850
25/2 NSF
20,000
26/2 Uncleared payment(Lord Aguilar)
29/2 Uncleared deposits
(15,000)
35.000
$300,000
Balance as per cash book
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