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answer fast for thumbs up Cowboy Company's bank statement for April 30 showed a cash balance of $47,450. The company's general ledger Cash account showed
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Cowboy Company's bank statement for April 30 showed a cash balance of $47,450. The company's general ledger Cash account showed a $45,625 debit balance. The following information was also available as of April 30: 1. A customer's note for $$900 was collected by the bank. 2. Included with the bank statement was a debit memorandum in the amount of $15 for bank service charges. These charges had not been recorded on the company's books. 3. Included with the bank statement was a credit memorandum in the amount of $30 for interest deposited into Cowboy Company's bank account 4. A debit memo included with the bank statement shows a $600 NSF check from a customer, J. Doe. 5. Outstanding checks as of April 30 totaled $3,100. 6. Examination of the checks on the bank statement with the entries in the accounting records reveals that check #465 for the payment of an Utility Expense was correctly written for $90, but as recorded in the accounting records as $900. 7. A deposit placed in the bank's night depository on April 30 totaled $2,400. This deposit did not appear on the bank statement Based on the above information, prepare the April bank reconciliation and necessary adjusting journal entries for Cowboy Company Step by Step Solution
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