Principles of Accounting: Chapters 1-13
Principles of Accounting: Chapters 1-13
12th Edition
ISBN: 9781133593102
Author: Belverd E., Jr, Ph.d. Needles, Marian, Ph.D. Powers, Susan V. Crosson
Publisher: Cengage Learning
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Concept explainers

Bank Reconciliation Statement
As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.
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Chapter 8, Problem 4P

1.

To determine

Prepare a bank reconciliation of Company S as of May 31, 2014.

2.

To determine

Prepare the journal entries necessary to adjust the accounts.

3.

To determine

Determine the amount of cash that should appear on Company S’s balance sheet as of May 31.

4.

To determine

Discuss the reason behind considering a bank reconciliation as important control over cash.

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Chapter 8 Solutions

Principles of Accounting: Chapters 1-13

Ch. 8 - Prob. 1DQCh. 8 - Prob. 6EACh. 8 - Prob. 7EACh. 8 - Prob. 4P
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