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I’m studying for my Accounting class and need an explanation.
Prepare the bank reconciliation at May 31, 2019. (List items that increase balance as per bank & books first. Round answers to 2 decimal places, e.g. 52.75.) (see attached)
Journalize and post the adjusting entry for bad debts at December 31, 2019. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (see attached)
P4-1A Prepare a worksheet, financial statements, and adjusting and closing entries (see attached)
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