The information needed to record journal entries based on the bank reconciliation is found in the section of the bank reconciliation that begins with the ledger balance of cash.

Question

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The section of the bank reconciliation that begins with the ledger balance of cash provides the necessary information to record journal entries based on the bank reconciliation. The bank reconciliation process involves reconciling the cash balance in the company's books with the balance in the bank statement, and identifying any differences between the two. These differences are recorded in the bank reconciliation and can be used to adjust the company's accounts through journal entries.

The Information Needed to Record Journal Entries Based on the Bank