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E Bank Reconciliation The March 31, 2023, balance in Verbena Inc.'s Cash ledger account is $69,030. The March 31, 2023, balance on the bank statement
E Bank Reconciliation The March 31, 2023, balance in Verbena Inc.'s Cash ledger account is $69,030. The March 31, 2023, balance on the bank statement is $63,100. Verbena has compared the transactions on its March 31, 2023, bank statement to transactions posted to its Cash ledger account for March. A list of the transactions that appear in one set of records or the other, but not both is provided below. Required: 1. Prepare a bank reconciliation for March, 2023. 2. Journalize any applicable adjusting entries. Reconciling items: A. Checks written and recorded by the company but not yet processed by the bank, $5,570 B. A customer check for $535 bounced C. The bank charged Verbena $35 fee for bounced customer check D. A deposit recorded by the company but not yet processed by the bank, $13,260 E The bank collected a note receivable for the company $2,400 F. The bank collected interest on the note receivable $60 G. Auto withdrawal for utility bill payment not recorded by the company $130 19 20 22 34 35 Prob 1 NR-Journal-A A NR-Interest Calcs Prob 2 NR-Journal-B Prob Bank Rec Ready x Accessibility: Investigate
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