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Baltise Company's bank statement for June 30 showed a cash balance of $15,840. The company's general ledger Cash account showed a $16,540 debit balance.
Baltise Company's bank statement for June 30 showed a cash balance of $15,840. The company's general ledger Cash account showed a $16,540 debit balance. The following information was also available as of June 30: 1. Included with the bank statement was a debit memorandum in the amount of $40 for bank service charges. These charges had not been recorded on the company's b 2. A customer's note for $650 was collected by the bank. 3. Examination of the checks on the bank statement with the entries in the accounting records reveals that check #324 for the payment of an account payable was correctly written for $890, but was recorded in the accounting records as $980. 4. A deposit placed in the bank's night depository on June 30 totaled $1,300. This deposit did not appear on the bank statement. 5. A debit memo included with the bank statement shows a $500 NSF check from a customer, K. Johnson. 6. Outstanding checks as of June 30 totaled $1,300. Based on the above information, prepare the June bank reconciliation and necessary adjusting journal entries for Cowboy Company. 1 A BIU - Bank Statement Balance Bank Reconciliation Book Balance
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