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Complete exercise 7-13 on page 513 and answer the folowing questions by matching the correct answer. Cheques written and mailed to payees on September 30th
Complete exercise 7-13 on page 513 and answer the folowing questions by matching the correct answer. Cheques written and mailed to payees on September 30th Choose... Choose... True NSF cheque from customer returned on September 15th but not recorded by the company is added to the bank balance False is deducted from the book balance are deducted from the bank balance Cheque written by another company but charged against the company's account in error is added to the book balance Choose... . The journal entry to record a bank charge for collection of electronic fund transfer in item 10 is credit to the bank (True or False) Interest income earned on the account Choose... 11
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