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A bank reconciliation from Ware, Inc. is provided here. Cash balance per bank statement Add: Deposits in transit $19,000 2.110 21,110 Less: Outstanding checks
A bank reconciliation from Ware, Inc. is provided here. Cash balance per bank statement Add: Deposits in transit $19,000 2.110 21,110 Less: Outstanding checks 1,070 Adjusted cash balance per bank 20,040 Cash balance per books 17,700 Add: Electronic funds transfer received. $2,750 Interest earned 40 2,790 20,490 Less: NSF check-J. King 405 Bank charges 45 450 Adjusted cash balance per books $20,040 Prepare all necessary journal entries as a result of the bank reconciliation. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Nov. 30 Nov. 30 (To record receipt of electronic funds transfer) Nov. 30 (To record interest earned) Nov. 30 (To record NSF check) (To record bank charges)
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