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Required: Record in general journal format the adjusting entries necessary to correct the unadjusted book balance. As of June 30, Year 1, the bank statement
Required:
Record in general journal format the adjusting entries necessary to correct the unadjusted book balance.
As of June 30, Year 1, the bank statement showed an ending balance of $17,388. The unadjusted Cash account balance was $16,182. The following information is available: 1. Deposit in transit: $2,240. 2. Credit memo in bank statement for interest earned in June: $16. 3. Outstanding check: $3,438. 4. Debit memo for service charge: $8.
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
