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explanation with the answer, please? I am struggling in my accounting class :( Need journal entries A and B Required information 2 [The following information
explanation with the answer, please? I am struggling in my accounting class :( Need journal entries A and B
Required information 2 [The following information applies to the questions displayed below.] Rick Hall owns a card shop: Hall's Cards. The following cash information is available for the month of August Year 1. As of August 31, the bank statement shows a balance of $12,205. The August 31 unadjusted balance in the Cash account of Hall's Cards is $7,899. A review of the bank statement revealed the following information: Part 2 of 2 1.81 points 1. A deposit of $1,140 on August 31, Year 1, does not appear on the August bank statement. 2. It was discovered that a check to pay for baseball cards was correctly written and paid by the bank for $1,750 but was recorded on the books as $2,650. 3. When checks written during the month were compared with those paid by the bank, three checks amounting to $4,645 were found to be outstanding. 4. A debit memo for $99 was included in the bank statement for the purchase of a new supply of checks. eBook References b. Prepare any necessary journal entries to adjust the books to the true cash balance. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet A B > Record the entry to correct the error created while recording check for inventory. Note: Enter debits before credits. Event General Journal Debit Credit 1Step by Step Solution
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