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Exercise 7-24 Waterway Lansbury Company deposits alll receipts and makes all payments by check. The following information is available from the cash records June 30

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Exercise 7-24 Waterway Lansbury Company deposits alll receipts and makes all payments by check. The following information is available from the cash records June 30 Bank Reconciliation Balance per bank $14,000 3,080 Add: Deposits in transit Deduct: Outstanding checks (4,000) $13,080 Balance per books Month of July Results Per Bank Per Books Balance July 31 $17,300 $18,500 10,000 11,620 July deposits 8,000 6,200 July checks 2,000 July note collected (not included in July deposits) July bank service charge 30 July NSF check from a customer, returned by the bank (recorded by bank as charge) 670 Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance WATERWAY LANSBURY COMPANY Bank Reconciliation July 31 Prepare the general journal entry to correct the Cash account. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account title are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Open Show Work Click if you would like to Show Work for this

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