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Sheffield Corporation is preparing a bank reconciliation and has identified the following potential reconciling items. (a) Deposit in transit $6,680. (b) Bank service charges $33.
Sheffield Corporation is preparing a bank reconciliation and has identified the following potential reconciling items. (a) Deposit in transit $6,680. (b) Bank service charges $33. (Use Office Expense account.) (c) Interest credited to Sheffield's account $52. (d) Outstanding checks $7,480. (e) NSF check returned $410. Prepare entries necessary to make Sheffield's accounting records correct and complete. (If no entry is required, select "No Entry" for th account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)
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