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Clayborn Company' bank reconciliation as of May 3 1 is shown below. Bank balance $ 1 5 , 8 0 0 Book balance $ 1
Clayborn Company' bank reconciliation as of May is shown below.
Bank balance $ Book balance $
Deposit in transit Bank service fees
Outstanding checks NSF returned
Adjusted bank balance $ Adjusted book balance $
One of the journal entries that Clayborn must record as a result of the bank reconciliation includes:
Multiple Choice
A debit to Cash of $
A debit to Cash of $
A credit to Cash of $
A credit to Cash of $
A debit to Cash of $
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