The correct order to reconcile a monthly bank statement is:
- 1. Identify the bank statment balance then add any deposits in transit and subtract any outstanding checks.
- 2. Compute the adjusted bank balance.
- 3. Identify the company's book balance.
- 4. Add any unrecorded credit memoranda from the bank, interest earned, and errors understating the book balance.
- 5. Identify and list any unrecorded debit memoranda form the bank, service charges, and errors overstating the book balance.
- 6. Compute the adjusted book balance and compare it to the adjusted bank balace to verify equality.
<h3>What is a Bank Statement?</h3>
This refers to the financial record that contains the transactions in a bank account over a period of time.
Hence, we can see that a business owner must follow different steps when preparing a monthly bank reconciliation and they are shown above.
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Answer:
As fields of study, the humanities emphasize analysis and exchange of ideas rather than the creative expression or the quantitative explanation of sciences You know such as History, Anthropology, and Archaeology study human social, political, and cultural development. :)
Explanation:
The phrase from the passage best helps the reader to identify the passage as a satire is He has been engaged for eight years upon a project for extracting sunbeams from cucumbers.
<h3>What is a passage?</h3>
A passage can be regarded as portion or section of a written work and this work can be a non-fiction .
Therefore, from the given passage, we can see that the marriage narrated here has been for good eight years upon a project for extracting sunbeams from cucumbers.
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With 3D printing, in society, most goods will be designed on computers and “manufactured” in the homes of consumers, which over time will reduce both the costs and environmental impacts of transportation.
