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base on the informantion prepare a bank reconciliation and the required journal entries The following data have been gathered for Rocky Candi Corporation for the
base on the informantion prepare a bank reconciliation and the required journal entries
The following data have been gathered for Rocky Candi Corporation for the month ended September 30, 2019. The bank statement has a balance of $8,936. The September 30, 2019, book balance was $3,200. There was an EFT deposit of $1,800 on the bank statement for the monthly rent from a tenant. The bookkeeper had erroneously recorded a $50 cheque as $500. The cheque was to settle an account payable. The bank statement revealed $50 in service charges. Cheques #322 and #330 for $260 and $285 were not returned with the bank statement. A deposit made on September 29, 2019, for $1.250 did not appear on the bank statement. A deposit of $500 made on September 10 was erroneously credited to Rocky Candi's account by the bank for $5,000. . A bank debit memo indicated an NSF cheque for $259 Step by Step Solution
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