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Part D is to journalize the adjusting entries to be made by Splish Brother's Inc. at August 31. The answer I got for part B

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Part D is to journalize the adjusting entries to be made by Splish Brother's Inc. at August 31. The answer I got for part B (determining the outstanding checks) is 9,777.

Question 1 Splish Brothers Inc.'s bank statement from Main Street Bank at August 31, 2017, gives the following information. Bank debit memorandum: Balance, August 1 $18,540 50 71,140 Safety deposit box fee August deposits 68,653 Checks cleared in August 75 Service charge 20,972 Bank credit memorandum: Balance, August 31 Interest earned 70 the following balance, August 1, $18,840: A summary of the Cash reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $4,825 and outstanding checks of $4,525. In addition, you determine that there was an error involving a company check drawn in August: A check for $400 to a creditor on account that cleared the bank in August was journalized and posted for $40. the ledger for August sh eipts $74,140; disbursements $73,545; and balance, August 31, $19,435. Ana (a) Your answer correct. Determine deposits in transit. Deposits in transit 7825 SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT VIDEO: APPLIED SKILLS Attempts: 1 of 5 used (b) Your answer correct (c) Prepare a bank reconciliation at August 31. (List items that increase balance as per bank & books first.) SPLISH BROTHERS INC. Bank Reconciliation A

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