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Star Company deposited a customer check in the bank for $3,500. The bank thought the check was for $2,500 and increased Star's account accordingly. A
Star Company deposited a customer check in the bank for $3,500. The bank thought the check was for $2,500 and increased Star's account accordingly. A bank reconciliation was being prepared by Star when the error was discovered 1. Who made the error? 2. Use T-accounts to analyze the error. $ 5,000 $5,000 3. What adjustment will be made on the bank reconciliation? Ref. Accounts Dr. Cr. 291
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