Essay
Chicago Company has hired you to reconcile its bank statement and cash account. At June 30, 2014, the Cash account on the books showed the following: 
There were neither outstanding checks nor deposits in transit at May 31, 2014.
Required:
A. Prepare the bank reconciliation at June 30, 2014.
B. Prepare the adjusting journal entries needed as a result of preparing the bank reconciliation.
Correct Answer:
Verified
Correct Answer:
Verified
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