Jon Rapp owns Rapp Blankets. Jon asks you to explain how he should treat Explain treatment

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Jon Rapp owns Rapp Blankets. Jon asks you to explain how he should treat — Explain treatment of items the following reconciling items when reconciling the company’s bank account. in bank reconciliation.

1. Outstanding checks. (LO 7)

2. A deposit in transit.

3. The bank charged to our account a check written by another company.

4. A debit memorandum for a bank service charge.

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