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The following information pertains to Sheridan Company. 1 Cash balance per books, August 31,$7,374, 2. Cashbalance per bank, August 31,57,338. 3. Outstanding checks, August 31,$694.
The following information pertains to Sheridan Company. 1 Cash balance per books, August 31,$7,374, 2. Cashbalance per bank, August 31,57,338. 3. Outstanding checks, August 31,$694. 4. August bank service charge not recorded by the depositor $46. 5. Deposits in transit, August 31,\$3.010 In addition, \$2,326 was collected for Sheridan Company in August by the bank throughelectronic funds transfer. The collection has not been recorded by Sheridan Company. Journalize the adjusting entries at August 31 on the books of Sheridan Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually. List alf debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
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