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A company's Cash account shows a balance of $5,680 at the end of the month. Comparing the company's Cash account with the monthly bank statement
A company's Cash account shows a balance of $5,680 at the end of the month. Comparing the company's Cash account with the monthly bank statement reveals several additional cash transactions such as deposits outstanding (51.250), checks outstanding ($2,436), bank service fees ($42), an NSF check from a customer ($170), a customer's note receivable collected by the bank ($530). and interest earned ($67). Prepare the necessary entries to adjust the balance of cash. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet B Record the entries that increase cash Note Enter debit before credits General Journal Debit Credit Transaction 1 Record entry Clear entry View general journal A company's Cash account shows a balance of $5,680 at the end of the month. Comparing the company's Cash account with monthly bank statement reveals several additional cash transactions such as deposits outstanding ($1,250), checks outstand $2,430), bank service fees ($42), an NSF check from a customer ($170), a customer's note receivable collected by the bank and interest earned ($67). Prepare the necessary entries to adjust the balance of cash. (If no entry is required for a transaction/event, select "No Jour Required" in the first account field.) View transaction list Journal entry worksheet
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