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Please, i need Unique answer, Use your own words (don't copy and paste). Please, don't use handwriting,...

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Finance

Please, i need Unique answer, Use your ownwords (don't copy and paste). Please, don't usehandwriting, Use your keyboard.

Q1. Discuss in your words the purpose of a bankreconciliation. (1 point)

Q2. Prepare general journal entries for the followingtransactions of this company for the current year: (2points).

Apr. 25

Sold SAR 4,500 of merchandise to CBC Corp., receiving a10%, 60-day, SAR 4,500 note receivable.

June 24

The note of CBC Corp., received on April 25 wasdishonored.

Answer & Explanation Solved by verified expert
4.3 Ratings (804 Votes)
Answer 1 A bank reconciliation statement is prepared by the company to see whether there is any mismatch between the records of banking transactions of company and records as maintained by bank passbook This statement can be prepared every month quarter or    See Answer
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Please, i need Unique answer, Use your ownwords (don't copy and paste). Please, don't usehandwriting, Use your keyboard.Q1. Discuss in your words the purpose of a bankreconciliation. (1 point)Q2. Prepare general journal entries for the followingtransactions of this company for the current year: (2points).Apr. 25Sold SAR 4,500 of merchandise to CBC Corp., receiving a10%, 60-day, SAR 4,500 note receivable.June 24The note of CBC Corp., received on April 25 wasdishonored.

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