Question
MC Qu. 145 Franklin Company's bank reconciliation as of August... Franklin Company's bank reconciliation as of August 31 is shown below. Bank balance $14,237 Book
MC Qu. 145 Franklin Company's bank reconciliation as of August... Franklin Company's bank reconciliation as of August 31 is shown below. Bank balance $14,237 Book balance $13,162 + Deposit in transit 4,500 Bank service fees -50 - Outstanding checks -3,900 Note collected 1,725 Adjusted book balance $14,837 $14,837 The adjusting journal entries that Clayborn must record as a result of the bank reconciliation include:
MC Qu. 145 Franklin Company's bank reconciliation as of August...
Franklin Company's bank reconciliation as of August 31 is shown below.
| Bank balance | $14,237 | Book balance | $13,162 |
| + Deposit in transit | 4,500 | Bank service fees | -50 |
| - Outstanding checks | -3,900 | Note collected | 1,725 |
| Adjusted book balance | $14,837 | $14,837 |
The adjusting journal entries that Clayborn must record as a result of the bank reconciliation include:
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Management Accounting And Strategic Human Resource Management
Authors: John Innes, Reza Kouhy
1st Edition
1859714862, 978-1859714867
