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LO5. How can the bank account be used as a control device? bank accounts provide established practices that safeguard a business's money. These controls include

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LO5. How can the bank account be used as a control device? bank accounts provide established practices that safeguard a business's money. These controls include us of signature cards, deposit tickets, checks, bank statements, and electronic funds transfers. What is the adjusted bank balance given the following information: Ending balance according to the bank records is $10,000; outstanding checks are $3,000; and a deposit in transit is S2,000. Show your work. a) b) What is the adjusted book balance given the following information: Ending balance according to the company's cash account is $9,000; interest revenue earned on bank balance is $50; bank service charge of $30, EFT for payment of utility bill of S100; and NSF check of $40. Show your work

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