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The following data were accumulated for use in reconcling the bank account of Nakajma Co. for July 1. Cash balance according to the company's records

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The following data were accumulated for use in reconcling the bank account of Nakajma Co. for July 1. Cash balance according to the company's records at July 31,$24,270 2 Cash balance according to the bank slatement at July 31, \$32,278. 3. Checks outstanding, $14,668 4. Deposit in transit, not recorded by bank, $7,170 5. A check for $58 issued in payment of an account was erroneousty recorded in the check register as 5580 6. Bank debil memo for service charges, $12 Required: Joumalize the entry or entries that should be made by the company. Refer fo the chart of accounts for the exact wording of the account tites. CNOW journals do not use lines for journal explanationsi Every lune on a journal page is used for debit or credit entries, CNOW journals wiil automatically indent a credit entry when a credt amount is entered. CHART OF ACCOUNTS Nakajima Co. General Ledger ASSETS 110 Cash 111 Petty Cash 120 Accounts Receivable 131 Notes Receivable 132 Interest Receivable 141 Merchandise Inventory 145 Office Supplies 146 Store Supplies 151 Prepaid Insurance 181 Land 191 Office Equipment REVENUE 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Merchandise Sold 515 Credit Card Expense 516 Cash Short and Over 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Insurance Expense Char of Accounts 191 ofice Equipmen! 353 insurance Expense 192 Accumulated Depreciation-Office Equipment 534 Office Supplios Expense 193 Store Equipment 535 Rent Expense 194 Accumulated Depreciation-Store Equipment 536 Repairs Expense 537 Selling Expenses LABILITIES 538 Store Supplies Expense 210 Accounts Payable 561 Depreciation Expense-Office Equipment 221 Notes Payable 562 Depreciation Expense-Store Equipment 222 Interest Payable 590 Miscellanecus Expense 231 Salaries Payable 710 Interest Expense 241 Saies Tax Payable EQUITY 310 Owner, Capital 311 Owne, Drawing

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