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Refer to the information given below: a . The June 3 0 cash balance in the general ledger is $ 1 , 9 4 0
Refer to the information given below:
a The June cash balance in the general ledger is $
b The June balance shown on the bank statement is $
c Checks issued but not returned with the bank statement were Number for $ and Number for $
d A deposit made late on June for $ is included in the general ledger balance but not in the bank statement balance.
e Returned with the bank statement was a notice that a customer's check for $ that was deposited on June had been returned because the customer's account was overdrawn.
f During a review of the checks that were returned with the bank statement, it was noted that the amount of Check Number was $ but that in the company's records supporting the general ledger balance, the check had been erroneously recorded as a payment of an account payable in the amount of $
Required:
a Show the reconciling items in a horizontal model that should be prepared to reflect the reconciling items as on June
a Prepare the adjusting journal entry that should be prepared to reflect the reconciling items.
b What is the amount of cash to be included in the June balance sheet for the bank account reconciled?
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