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choose correct one 5. The bank reconciliation shows the following adjustments: . . . Deposits in transit: $852 Notes receivable collected by bank: $1,000; interest:
choose correct one
5. The bank reconciliation shows the following adjustments: . . . Deposits in transit: $852 Notes receivable collected by bank: $1,000; interest: $20 Outstanding checks: $569 Error by bank: $300 Bank charges: $30 Select the correcting journal entry. 30 Bank service charges Cash 30 1,020 Cash Notes receivable Interest income 1,000 20 300 Error by bank Cash 300 2,441 Cash Deposits in Transit Outstanding Check Notes receivable Interest income 852 569 1,000 20 Bank service charges Cash 30 30 1,589 Cash Outstanding Check Notes receivable Interest income 569 1,000 20 30 Cash Bank Charges 30 1,020 Notes Receivable Cash Interest income 1,000 20 Step by Step Solution
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