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Bank reconciliation Ben Morgan received his bank statement on April 30,20XX. It showed a balance of $5,823. On the same date, his checkbook had a
Bank reconciliation
Ben Morgan received his bank statement on April 30,20XX. It showed a balance of $5,823. On the same date, his checkbook had a balance of $6,769. The following data are available for reconciling the bank statement: a. Deposits in transit amount to $985 b. Outstanding checks amount to $103 c. The service charge for the account for the month was $20 d. A check from a customer for $54 was deposited on April 22 but was returned with the bank statement marked NSF The bank statement disclosed interest revenue during April in the amount of $10 e. Required: 1. Prepare the bank reconciliation for April in proper form 2. Prepare the required general journal entry from the bank reconciliation Step by Step Solution
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