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IV. Prepare the Bank Reconciliation for Riverside Inc. for the month of December, 2019. (10 pts. You can do this by hand or use the

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IV. Prepare the Bank Reconciliation for Riverside Inc. for the month of December, 2019. (10 pts. You can do this by hand or use the uploaded excel spreadsheet (1) The Balance per the bank's December 31 statement was $45,559.20, while Riverside Inc.'s books had a balance of $38,813.40. (2) Bank service charges amounted to $100.00. (3) The bank collected a note from a client, including interest, for a total of $6,500.00. (4) Deposits in transit as of December 31 were $3,500.00 (5) Interest revenue earned by Riverside Inc. was $2,475.80. (6) The following checks were still outstanding as of the bank statement date: #1601: $375.60; #1613: $2,000.70; and #1618: $2,500.00. (7) An error was discovered: the bank deducted from Riverside Inc.'s account a check for $1,450.60 that had been written by another company. 2 2 (8) Riverside Inc.'s accountant mistakenly recorded a deposit of $1,552 as $1,852. (9) The bank returned a check from one of the company's customer as NSF, for $1,755.70

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