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The following information is taken from the cash records of Marigold Delivery Services: 1 The June cash receipts journal recorded $98.720 of deposits made in
The following information is taken from the cash records of Marigold Delivery Services: 1 The June cash receipts journal recorded $98.720 of deposits made in June. 2 The June bank statement showed total credits (deposits) of $94,400 in June. 3 At May 31, the bank reconciliation showed deposits in transit of $3,520. 4 The June bank statement shows an ending balance of $25,416. 5 At May 31, the bank reconciliation showed outstanding cheques of $14,280. The June general ledger, after all adjusting entries have been made, show total cheques of $103,272. 6 7 The June bank statement shows total cheques cleared of $104,400. Calculate the amount of deposits in transit at June 30. Deposits in transit, June 30 Calculate the amount of outstanding cheques at June 30. Outstanding cheques, June 30 e Textbook and Media Assuming that the bank has made no errors, calculate the ending general ledger balance after all June adjustments have been made. Adjusted balance $
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