Question
The bank statement for allen co. indicates a balance of $8,000 on june 30. After the journals for June had been posted, the crash account
The bank statement for allen co. indicates a balance of $8,000 on june 30. After the journals for June had been posted, the crash account had a balance of $3,675. perpare a bank reconciliation on the basis of the following reconciling items:
A. Cash sales of $342 had been erroneously recorded in the crash receipts journal as $324
B. Deposits in transit not recoreded by bank, $500.
C. Bank debit memorandom for service charges ,$25.
D. Bank credit memorandom for note collected by bank, $2,850 including $50 intrest
E. Bank debit memorandom for $218 NSF (not sufficient funds) check from bell, a customer.
F. Checks outstanding, $2,200.
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