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Requirements: Journalize any required entries from the bank reconciliation. When Cody Mountain Sports started their business in March of 2021, they opened a checking account

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  1. Requirements: Journalize any required entries from the bank reconciliation.
When Cody Mountain Sports started their business in March of 2021, they opened a checking account at Cody Bank. The bank statement dated March 31, 2020 for Cody Mountain Sports follows: Beginning Balance, March 1st, 2021 $ Comments Deposits and other credits: Mar. 2 Mar. 6 $100,000 $ 20,000.00 Initial Cash Contribution Guided Rock Climbing Trip $120,000 Checks and Other Debits: Mar. 2 Mar. 25 Mar. 17 Mar. 31 $ 1,200.00 $ 4,000.00 $ 1,000.00 $ 2,500.00 Prepaid Insurance Policy Rental Expense Office Supplies Purchased Dividends Paid $8.700 Ending Balance, March 31st, 2021 $111,300 Additionally, Cody Mountain Sports' Cash account in the general ledger shows the following transactions for March Cash Debits Credits 100000 1200 20000 4000 3000 1000 2500 Bal.: 114300 Mar. 1 Mar. 1 Cash journal is shown below for detail: CMS began operations by receiving $100,000 in cash. The business issued shares of common stock in exchange for this contribution CMS paid $1,200 for a 12 month insurance policy. The policy begins Mar. 1. Mar. 4 CMS guided a small rock climbing trip, receiving $20,000 payment in cash. Collected $3,000 cash from customer on account. Mar. 24 Paid rent on their property, $4,000 cash. Paid $1,000 cash on account. Cash dividends of $2,500 were paid to stockholders. Mar. 22 Mar. 27 Mar. 31

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