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Thank you and I will give a review and thumbs up when everything is answered! This will help a ton! The unadjusted cash account balance
Thank you and I will give a review and thumbs up when everything is answered! This will help a ton!
The unadjusted cash account balance for Few Company at December 31, 2012 is $21,380. The bank statement showed an ending balance of $27,388 on that date. The following information is available: Bank service charge Outstanding checks NSF check from customer Deposit in transit $ 29 $7,700 $ 540 $1,321 Check #433 for the purchase of inventory was written correctly and paid by the bank correctly for $234, but was recorded on the books at $432. Few uses the perpetual inventory system. Required: Prepare a bank reconciliation as of December 31, 2012. Also, show which transactions will require adjustments to the cash account on the books and what accounts those transactions will affectStep by Step Solution
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