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Bank Reconciliation Onyx Sullivan Company CashBank account had a butance of $2,38158 On that date the bank statement indicated a balance of 11 12 A
Bank Reconciliation Onyx Sullivan Company CashBank account had a butance of $2,38158 On that date the bank statement indicated a balance of 11 12 A comparison of returned checks and bank advices realed the following Deposits in transit jy mounted to 5465002 2 Outstanding checks July 3 totaled 11.10.22 The bankroneously charged a $422.50 check of Solomon Company in the Sullivan bank account 4. A bank service charge has not yet been recorded by Sullivan Company of 532.50 5. Sulla neglected to record 55.200.00 borrowed from the bank on a ten percent se month note the bank statement shows the 5520000 a deposit Induded with the returned ched is a memo indicating that Martin's check for $32.00 had been returned NS Martin a customer had sent the check to pay an account of seless a26count 7. Sullivan Company recorded a 5541 70 payment for repairs 51417.00 Required Prepare a bank reconciliation for Surn Company at July 31 Prepare the journal entry for entre necessary to bring the Cathrin Bank account into apreement with the reconciled cash balance on the bank recondition Note: Do not round answering two decimal places when needed Bank reconciluson Journal
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