After the preparation of the bank reconciliation, a company needs to make

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Journal entries are required for items on the general ledger cash account side of the reconciliation to adjust the company's book balance to match the reconciled balance. These adjustments might include bank fees, interest income, errors in recording transactions, etc. Items on the bank side are typically pending transactions that will eventually be reflected in the bank statement.

After the Preparation of the Bank Reconciliation, a Company Needs