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On August 31, 2019, the balance in the checkbook and the Cash account of the Dry Creek Bed and Breakfast was $12,343. The balance shown
On August 31, 2019, the balance in the checkbook and the Cash account of the Dry Creek Bed and Breakfast was $12,343. The balance shown on the bank statement on the same date was $13,232 Notes a. The firm's records indicate that a $1,520 deposit dated August 30 and a $708 deposit dated August 31 do not appear on the bank statement. b. A service charge of $7 and a debit memorandum of $355 covering an NSF check have not yet been entered in the firm's records. (The check was issued by Art Corts, a credit customer.) c. The following checks were issued but have not yet been paid by the bank: Check 712, $117 Check 713, $132 Check 716, $245 Check 736, $584 Check 739, 85 Check 741, $127 d. A credit memorandum shows that the bank collected a $2,119 note receivable and interest of $70 for the firm. These amounts have not yet been entered in the firm's records. Required: 1. Prepare a bank reconciliation statement for the firm as of August 31. 2. Record general journal entries for items on the bank reconciliation statement that must be journalized
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