What is the format for a bank reconciliation


Response to the following questions:

1. Different formats for bank reconciliations are possible. What is the format for a bank reconciliation in which a service charge for a lockbox is added to the balance per the bank statement? Explain your answer.

2. What circumstances led to the passage of the Sarbanes Oxley Act in 2002?

 

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Accounting Basics: What is the format for a bank reconciliation
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