Question
The following information pertains to the reconciliation of the cash balance on Coyote's book with the cash balance on its bank statement as of
The following information pertains to the reconciliation of the cash balance on Coyote's book with the cash balance on its bank statement as of 12/31/2022. 1. The company records show a cash balance of $12,100, while the bank statement shows $12,400. 2. Deposits-in-transit: $800. 3. Outstanding checks: $1,600 4. NSF checks: $750. 5. Bank service fee: $250. 6. Electronic Fund Transfer: $500 Instructions: Prepare 1) the bank reconciliation for the company as of 12/31/2022, 2) any necessary adjusting entries for Coyote's bank reconciliations.
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Financial Accounting with IFRS Fold Out Primer
Authors: John Wild
5th edition
978-0077408770, 77408772, 978-0077413804
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