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Exercise 3: Gordon Company is unable to reconcile the bank balance at January 31. Gordon's reconciliation is as follows. Cash balance per bank $5,340
Exercise 3: Gordon Company is unable to reconcile the bank balance at January 31. Gordon's reconciliation is as follows. Cash balance per bank $5,340 Add: NSF check 1,240 Less: Bank service charge 35 Adjusted balance per bank $6.545 Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books $5,815 850 1,650 $6.615 Required: Prepare a correct bank reconciliation.
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Financial Accounting A User Perspective
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
6th Canadian Edition
470676604, 978-0470676608
