Project #88737 - Bank Reconciliation and Entries


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1.  Prepare a bank reconciliation.



 Online Medical Co. 
 Bank Reconciliation 
 June 30, 2014 
 Cash balance according to bank statement 
     
$  
 
 
 
 
$  
   
 
 
 
 
  
 
  
       
$  
 
 
 
     
  
 Adjusted balance 
     
$  
 Cash balance according to company's records 
     
$  
 
 
 
     
  
       
$  
 
 
 
 
$  
   
 
 
 
 
  
 
  
 Adjusted balance 
     
$  

 



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2.  Journalize the necessary entries (a.) that increase cash and (b.) that decrease cash. The accounts have not been closed. For a compound transaction, if an amount box does not require an entry, leave it blank.



 
 
       
 a. 
 
 
 
  
  
 
 
 
 
  
  
 
 
 
 
  
  
       
 b. 
 
 
 
  
  
 
 
 
 
  
  
 
 
 
 
  
  
       

 

 

3.  If a balance sheet were prepared for Online Medical Co. on June 30, 2014, what amount should be reported as cash?
$

Subject Business
Due By (Pacific Time) 10/30/2015 12:00 am
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