An accounting clerk prepared the following bank reconciliation for Inges Corp. (a)Use the data in the bank reconciliation to prepare a new bank reconciliation for Inges Corp. that adjusts both the company's books and the bank statement balance in the traditional format.(b)If a balance sheet were prepared for Inges Corp. on August 31, what amounts should be reported for cash?

Question

An accounting clerk prepared the following bank reconciliation for Inges Corp.  (a)Use the data in the bank reconciliation to prepare a new bank reconciliation for Inges Corp. that adjusts both the company's books and the bank statement balance in the traditional format.(b)If a balance sheet were prepared for Inges Corp. on August 31, what amounts should be reported for cash?

Quizplus · Accepted Answer

The Answer of An accounting clerk prepared the following bank reconciliation for Inges Corp.  (a)Use the data in the bank reconciliation to prepare a new bank reconciliation for Inges Corp. that adjusts both the company's books and the bank statement balance in the traditional format.(b)If a balance sheet were prepared for Inges Corp. on August 31, what amounts should be reported for cash?

An Accounting Clerk Prepared the Following Bank Reconciliation for Inges