Chapter 5, Problem 2SEQ

To determine

Introduction:

Bank reconciliation is a process of matching items and amounts in cash balances reported on company's ledger with the balance of cash account reported in the bank statement. The cash balance adjusted after reconciliation is recorded in the balance sheet of the company.

Bank reconciliation is divided into two parts where in part one bank section begins with cash balance as per bank statement and ends with the adjusted balance, while in second part company section begins with cash balance as per company records and ends with the adjusted balance.

To choose:

The correct option that would reconcile the bank account of the company.