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You have been hired by the Gold Company as a staff accountant. One of the...

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Accounting

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You have been hired by the Gold Company as a staff accountant. One of the first tasks you have been given to perform is a reconciliation of the Color Division's bank account. The bank statement for the month of August 20X7 and the cash account for the months of July and August for the Color Division are attached. Your review of last month's bank reconciliation and the current bank statement reveals the attached information REQUIRED: ) Prepare a four column proof of cash reconciling the balance per bank to the "correct balance" and the balance per books to the "correct balance". Prepare the adjusting entry(ies) necessary to correct the cash account per the books of the Color Division (2)

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