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27. (2 points) Sebastian Company accounts for and deposits all of it cash collections immediately upon receipt. Sebastian also makes all payments by check. Sebastian's
27. (2 points) Sebastian Company accounts for and deposits all of it cash collections immediately upon receipt. Sebastian also makes all payments by check. Sebastian's 10-31 "cash balance per books was $46,925. While completing its October bank reconciliation, Sebastian identified the following: Deposits in transit $7.200 Outstanding checks 17000 Bank service charge 30 Returned check marked NSF from one of Sebastian's customers 750 Prepare the AJE(s) Sebastian should make as a result of completing its October bank reconciliation
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