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Please answer BE 7-17 the information above is used to complete this part. Thank you! BE7-16 (LO8) Horton Corporation is preparing a bank reconciliation and
Please answer "BE 7-17" the information above is used to complete this part. Thank you!
BE7-16 (LO8) Horton Corporation is preparing a bank reconciliation and has identified the following potential reconciling items. For each item, indicate if it is (1) added to balance per bank statement, (2) deducted from balance per bank statement, (3) added to balance per books, or (4) deducted from balance per books. (a) Deposit in transit $5,500 (b) Bank service charges $25. (c) Interest credited to Horton's account $31. (d) Outstanding checks $7,422. (e) NSF check returned $377. A) B) C) D) E) Added to balance per bank statement Deducted from balance per books Added to balance per books Deducted from balance per bank statement Deducted from balance per books BE 7-17 Use the information presented in BE7-16 for Horton Corporation. Prepare any entries necessary to make Horton's accounting records correct and completeStep by Step Solution
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