Chicago Company has hired you to reconcile its bank statement and cash account.At June 30,2019,the Cash account on the books showed the following:
Cash account
The June bank statement,just received,showed the following:
There were neither outstanding checks nor deposits in transit at May 31,2019.
A.Prepare the bank reconciliation at June 30,2019.
B.Prepare the adjusting journal entries needed as a result of preparing the bank reconciliation.

Question

Chicago Company has hired you to reconcile its bank statement and cash account.At June 30,2019,the Cash account on the books showed the following:
Cash account
  The June bank statement,just received,showed the following:
  There were neither outstanding checks nor deposits in transit at May 31,2019.
A.Prepare the bank reconciliation at June 30,2019.
B.Prepare the adjusting journal entries needed as a result of preparing the bank reconciliation.

Quizplus · Accepted Answer

The Answer of Chicago Company has hired you to reconcile its bank statement and cash account.At June 30,2019,the Cash account on the books showed the following:
Cash account
  The June bank statement,just received,showed the following:
  There were neither outstanding checks nor deposits in transit at May 31,2019.
A.Prepare the bank reconciliation at June 30,2019.
B.Prepare the adjusting journal entries needed as a result of preparing the bank reconciliation.

Chicago Company Has Hired You to Reconcile Its Bank Statement