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i'll leave thumbs up for right answers, thank you! Hathaway Company's general ledger shows a cash account balance of $23,350 on July 31,2024. Cash sales
i'll leave thumbs up for right answers, thank you!
Hathaway Company's general ledger shows a cash account balance of $23,350 on July 31,2024. Cash sales of $1,888 for the last three days of the month have not yet been deposited. The bank statement dated July 31 shows bank service fees of $42 and an NSF check from a customer of $370. The bank processes all checks written by the company by July 31 and lists them on the bank statement, except for one check totaling $1,570. The bank statement shows a balance of $22,620 on July 31 . Required: 1. Prepare a bank reconciliation to calculate the correct balance of cash on July 31,2024 2. Record the necessary entry(ies) to adjust the balance for cash. Complete this question by entering your answers in the tabs below. Prepare a bank reconciliation to calculate the correct balance of cash on July 31, 2024. (Amounts to be deducted should be indicated with a minus sign.) Journal entry worksheet Record the amounts that increase cash. Note: Enter debits before credits. Journal entry worksheet Record the amounts that decrease cash. Note: Enter debits before credits Step by Step Solution
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