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REQUIRED: 1. Prepare a bank reconciliation using the adjusted balance method. 2. Compute for the following items: a. Adjusted cash balance as of December 31,

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REQUIRED: 1. Prepare a bank reconciliation using the adjusted balance method. 2. Compute for the following items: a. Adjusted cash balance as of December 31, 2020 b. Unadjusted book balance November 30, 2020 c. Adjusted cash balance November 30, 2020 d. Deposit in transit as of December 31, 2020. e. Outstanding Checks as of December 31, 2020 3. Prepare the required adjusting journal entries

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