The cash data of Navajo Products for September 2017 follow: On September 30, 2017, Navajo received this

Question:

The cash data of Navajo Products for September 2017 follow:

On September 30, 2017, Navajo received this bank statement:

Explanation: BC-bank collection, EFT-electronic funds transfer, NSF-nonsufficient funds cheque, SC-service charge.

Additional data for the bank reconciliation:

a. The EFT deposit was for monthly rent revenue. The EFT deduction was for monthly insurance expense.

b. The bank collection was of a note receivable.

c. The NSF cheque was received from a customer.

d. The correct amount of cheque number 1419, a payment on account, is $4,216. (The

Navajo accountant mistakenly recorded the cheque for $4,126.)

Requirements

Prepare the bank reconciliation of Navajo Products at September 30, 2017?

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ISBN: 978-0134564142

6th Canadian edition

Authors: Walter Jr. Harrison, Charles T. Horngren, C. William Thomas, Greg Berberich, Catherine Seguin

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Question Posted: Sep 21, 2024 05:12 AM

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The cash data of Navajo Products for September 2017 follow: On September 30, 2017, Navajo received this

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