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K Fred Keenen Company operates four bowling alleys. The business just received the October 31, 2024, bank statement from City National Bank, and the statement
K Fred Keenen Company operates four bowling alleys. The business just received the October 31, 2024, bank statement from City National Bank, and the statement shows an ending balance of $885. Listed on the statement are an EFT rent collection of $390, a service charge of $10, NSF checks totaling $75, and a $22 charge for printed checks. In reviewing the cash records, the business identified outstanding checks totaling $480 and a deposit in transit of $1,755. During October, the business recorded a $320 check by debiting Salaries Expense and crediting Cash for $32. The business's Cash account shows an October 31 balance of $2,165. tober 31 bala Read the requirements. vent con
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