FINANCIAL & MANAGERIAL ACCW/CENGAGENOWV
FINANCIAL & MANAGERIAL ACCW/CENGAGENOWV
15th Edition
ISBN: 9781337955423
Author: WARREN, JONES
Publisher: CENGAGE L
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Chapter 7, Problem 22E

(a)

To determine

Recognize the errors in the bank reconciliation.

(b)

To determine

Prepare a New bank reconciliation for P Co. 

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General Accounting Question Solution
please give me correct answer of this General accounting question
5/1/25 Lease Receivable 5/1/25 12/31/25 Cost of Goods Sold Sales Revenue Inventory (To record the lease) Cash Lease Receivable (To record lease payment) Lease Receivable Interest Revenue 5/1/26 Cash Lease Receivable Interest Revenue 12/31/26 Lease Receivable Interest Revenue 98000.20 65000 20456.70 20456.70 98
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