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Prepare a bank reconciliation at August 31. (List items that increase balance as per bank & books first.) METLOCK, INC. Bank Reconciliation + $ .
Prepare a bank reconciliation at August 31. (List items that increase balance as per bank & books first.) METLOCK, INC. Bank Reconciliation + $ . $ SHOW LIST OF ACCOUNTS LINK TO TEXT Journalize the adjusting entries to be made by Metlock, Inc. at August 31. (Credit account titles are automatically indented when amount is entered. Do indent manually.) Debit Credit Date Account Titles and Explanation Aug. 31 (To record Interest earned) Aug. 31 (To correct error in recording check) Aug. 31 (To record service charge and safety deposit box fee) SHOW LIST OF ACCOUNTS LINK TO TEXT Question Attempts: 0 of 3 used SAVE FOR LATER SUBMIT AN Question 2 Metlock, Inc.'s bank statement from Main Street Bank at August 31, 2022, gives the following information. Balance, August 1 $18,600 Bank debit memorandum: August deposits 71,200 Safety deposit box fee Checks cleared in August 68,653 Service charge Bank credit memorandum: Balance, August 31 Interest eamed 70 $ 50 75 21,092 A summary of the Cash account in the ledger for August shows the following: balance, August 1, $18,900; receipts $74,200; disbursements $73,545; and balance, August 31, $19,555. Analysis 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 August: A check for $400 to a creditor on account that cleared the bank in August was journalized and posted for $40. Determine deposits in transit. Deposits in transit $ SHOW LIST OF ACCOUNTS LINK TO TEXT Determine outstanding checks. (Hint: You need to correct disbursements for the check error.) Outstanding checks $ SHOW LIST OF ACCOUNTS LINK TO TEXT
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