Essay
Chicago Company has hired you to reconcile its bank statement and cash account. At June 30, 2016, the Cash account on the books showed the following: 
The June bank statement, just received, showed the following: 
There were neither outstanding checks nor deposits in transit at May 31, 2016.
Required:
A.Prepare the bank reconciliation at June 30, 2016.
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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