Bank Reconciliation Statement : The Company maintains its own records from its perspective and they are different from bank perspective. This is why the cash balance per bank and cash balance per books seldom agree. Bank reconciliation is the statement prepared by company to remove the differences and disagreement between cash balance per bank and cash balance per books. To Prepare: Bank reconciliation of W Healthcare as at August 31, 2016 .

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Chapter 7, Problem 7.26AP

Requirement 1:

To determine

Bank Reconciliation Statement: The Company maintains its own records from its perspective and they are different from bank perspective. This is why the cash balance per bank and cash balance per books seldom agree. Bank reconciliation is the statement prepared by company to remove the differences and disagreement between cash balance per bank and cash balance per books.

To Prepare: Bank reconciliation of W Healthcare as at August 31, 2016.

Requirement 2:

To determine

To journalize: the transactions from the bank reconciliation.

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