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Unformatted text preview: 2257 First Midterm Cheat Sheet Tuesday, 30 December 2008 15:44 1 2 3 4 5 ( 0 Votes ) Business 2257 Share 1. Bank Reconciliation Balance per company records (from last month bank rec or BS) Opening balance, (1 st day of month) Add: Cash receipts per records Total (Bank Deposits) Less: Cash disbursements per records (- total) (add difference to OB) Unadjusted cash balance per company records (last day of month) (TOTAL) Less: All Debits on the Bank Statement not in company records Add: All Credits on the Bank Statement not in company records Note: Account for any transposition errors (numbers in wrong order) = Adjusted balance per company records, (last day of month)...
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This note was uploaded on 04/13/2011 for the course BUSINESS 2257 taught by Professor Iandunn during the Fall '10 term at UWO.
- Fall '10