You are a supervisor in the accounting department of Stellar Consulting.The person you just hired shows you the bank reconciliation prepared for March 31,as shown below. In comparing the bank reconciliation to the Cash account in the General Ledger,you notice a problem.You investigate further and come up with some additional information as follows:
a.The Cash account in the General Ledger showed the following:
Instructions
1.Prepare a corrected bank reconciliation for March 31,2015.
2.Record the journal entries resulting from the corrected bank reconciliation.
Correct Answer:
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