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.
Read more about bank statement here:
brainly.com/question/15525383
#SPJ1
We suggest starting to prep for the the SAT as early as eighth grade year. It sound early, but if a student plans on taking the SAT several times throughout high school, eighth graders can take a relaxed and long-view approach to prepping, and can plan on taking their first SAT sophomore year.
Answer:
x = -7
Explanation:
y = -3(-4) + 11
= 12+11
= 23
That's an equation
But if it's a graph; +12, +11
Answer:
The first of the basic laws of geometric optics is the law of rectilinear propagation of light. It reads: in an optically homogeneous medium the ray of light propagates in a direction.
