Burke Company has just received its June 30 bank statement from Urban Bank. The bank statement and the cash account per the books, summarized below, are to be reconciled for the month of June. Required:
A. Prepare the June 30 bank reconciliation.
B. Prepare the journal entries that should be made in the accounts of Burke Company as a result of the bank reconciliation.

Question

Burke Company has just received its June 30 bank statement from Urban Bank. The bank statement and the cash account per the books, summarized below, are to be reconciled for the month of June.  Required: 
A. Prepare the June 30 bank reconciliation.
B. Prepare the journal entries that should be made in the accounts of Burke Company as a result of the bank reconciliation.

Quizplus · Accepted Answer

The Answer of Burke Company has just received its June 30 bank statement from Urban Bank. The bank statement and the cash account per the books, summarized below, are to be reconciled for the month of June.  Required: 
A. Prepare the June 30 bank reconciliation.
B. Prepare the journal entries that should be made in the accounts of Burke Company as a result of the bank reconciliation.

Burke Company Has Just Received Its June 30 Bank Statement