The accounting manager has informed you that the cash

Assignment Help Accounting Basics
Reference no: EM13589210

The Accounting Manager has informed you that the cash reconciliation is showing an un-reconciled difference to the bank statement of ($144,000), that is, the bank says you have more cash than you think you do. Through investigation, you have determined that the payroll clerk has not been crediting back employee contributions such as 401(k) and health insurance paid for by the employee. Prepare a journal entry to correct this amount.

Reference no: EM13589210


Write a Review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd