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Ms. AP is unable to reconcile the bank balance at January 31. APs reconciliation is as follows. Section B - Medium Answer Questions - Answer
Ms. AP is unable to reconcile the bank balance at January 31. APs reconciliation is as follows. Section B - Medium Answer Questions - Answer any TWO ______ Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank Cash balance per books Less: Deposits in transit Add: Outstanding checks Adjusted balance per books Instructions $7,120.40 1,380.00 50.00 $8,450.40 $7,750.40 1,060.00 1,860.00 $8,550.40 (a) Prepare a correct bank reconciliation. (b) Journalize the entries required by the reconciliation.
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