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16. (Appen dix) Seasca ID: A pe Marina, Inc. had the following transactions during May of the current year Invested $25,000 cash in the business.
16. (Appen dix) Seasca ID: A pe Marina, Inc. had the following transactions during May of the current year Invested $25,000 cash in the business. b. Paid office rent, $1,200. Purchased c. office equipment. Paid $4,500 in cash and agreed to pay the balance in six monthly installments. d. Paid cash for advertising in Seavicw magazine, $900. e. Received cash for six research assignments, $3,600. f. Paid telephone bill, $240. . Made payment on loan from transaction (c),$800. h. Withdrew cash for personal use, $1,800. i. Paid wages to office assistant, $600. Required: Classify each transaction as an operating, investing, or financing activity and prepare a statement of cash flows. The following information relates to the bank account of Doug's Sky Diving Supply Store on June 30. 17. $5,327 Balance per bank statement Balance per books as of June 30 Outstanding checks: #1 007 #1 008 9, 265 241 67 597 #1009 229 Deposits in transit 4,111 98 Bank service charges 412 NSF check 16 Credit memo for interest earned Error: Check written and recorded by bank as $454 was subtracted from the checkbook as $445. The check was used to pay the telephone bill. Required Prepare a bank reconciliation as of June 30
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