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please help llecerding Fetty Cash Fund tirandactons a. Entabluted a petty cashitind of sish. Comparing the bank statement and the accompanying canceled checks and memos
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llecerding Fetty Cash Fund tirandactons a. Entabluted a petty cashitind of sish. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconoling items: a. Checks outstanding totaled $5,810. b. A deposit of $6,060, representing receipts from October 31 , had been made too late to appear on the bank statement. c. The bank had collected $3,150 on a note left for collection. The foce of the note was $2,990. d. A check for $650 retumed with the statement had been incorrectly recorded by Deaver Consuiting as $500. The check was for the payment of an obligation to Oxford Office Supplies Co, for the purchase of office supples on account. e. A check drawn for $690 had been incorrectly charged by the bank as $90. f. Bank service charges for October amounted to $45. Instructions: 1. Prepare a bank reconcilistion, 2. Iluntrate the effects on the accounts and financial statements of the bank reconcilation. If no account or activity is affected, select "No effect" from the dropdown and leave the corresponding number entry box blank. t nter account decreases and cash outhows as negative amounts. Increases to Cash: Decreases to Cash Step by Step Solution
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