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The following information is available for the Knox Company.-The O.pdf

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The Knox Company's October bank statement showed a balance of $1,675 but the general ledger showed $1,842 for October 31. A $795 deposit made on October 31 did not appear on the bank statement. A bank reconciliation and journal entry are required to reconcile the differences.

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The following information is available for the Knox Company. -The October bank statement shows a $1,675 balance. The general ledger shows a $1,842 balance at October 31. The company put a $795 deposit in the bank's night depository on Oclober 31 and it does not appear on the October bank statement. statement. Requirement 1: Prepare a bank reconciliation for Knox Company. Requirement 2: Prepare necessary journal entry/entries for Knox Company.

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The following information is available for the Knox Company.-The O.pdf

  • 1. The following information is available for the Knox Company. -The October bank statement shows a $1,675 balance. The general ledger shows a $1,842 balance at October 31. The company put a $795 deposit in the bank's night depository on Oclober 31 and it does not appear on the October bank statement. statement. Requirement 1: Prepare a bank reconciliation for Knox Company. Requirement 2: Prepare necessary journal entry/entries for Knox Company.