When all differences between the ending bank statement balance and book balance have been identified

When all differences between the ending bank statement balance and book balance have been identified

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
When all differences between the ending bank statement balance and book balance have been  identified and entered on the bank reconciliation, the adjusted bank balance and adjusted book  balance are identical. Since the Vector Management Group paid Ad It Up $63 more than the books show, a $63 debit is 
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: made to decrease the accounts payable balance owed to Ad It Up, and a $63 credit is made to decrease cash....
View Full Document

This note was uploaded on 11/14/2011 for the course ACCT 1310 taught by Professor Staff during the Fall '10 term at Texas State.

Ask a homework question - tutors are online