Horngren's Financial & Managerial Accounting, The Managerial Chapters, Student Value Edition (5th Edition)
Horngren's Financial & Managerial Accounting, The Managerial Chapters, Student Value Edition (5th Edition)
5th Edition
ISBN: 9780133851496
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Chapter 7, Problem 7.9SE
To determine

Bank Reconciliation Statement: Bank statement is prepared by bank. The company maintains its own records from its 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 journalize: the company’s transactions that arise from the bank reconciliation.

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Horngren's Financial & Managerial Accounting, The Managerial Chapters, Student Value Edition (5th Edition)

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