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Please explain how each are used On September 30, Wood Company's Cash account had a balance of $29,100. On that date, the bank statement had

Please explain how each are used

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On September 30, Wood Company's Cash account had a balance of $29,100. On that date, the bank statement had a balance of $30,560. Analysis of the bank statement and comparison of the statement and records indicated the following: O Bank collection of note on our behalf $4,120 O Bank service charge 30 O Customer's returned check, NSF 1,150 O Deposits in transit at the end of September 7,500 O Interest revenue on note 200 OOutstanding checks at the end of September 6,810 In reviewing the records, Wood Company also discovered the following error: A Koala Company check of $990 was charged to Wood Company's account.Prepare a bank reconciliation. Bank | Books | Balance per bank statement, September 30 30,560.00 Molar books September at] 29,100.00 Add: Add: (Choose one} v \"I \"I Deduct: Deduct: (Choose one) v U I (Choose one] v V I Adjusted balance per bank statement 30,560 Adjusted balance per books 29,100

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