The bank reconciliation shows the following adjustments: Deposits in transit: $1,234 Outstanding checks: $558
Question:
The bank reconciliation shows the following adjustments:
• Deposits in transit: $1,234
• Outstanding checks: $558
• Bank service charges: $50
• NSF checks: $250
Prepare the correcting journal entry.
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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