Question
The following is a bank reconciliation for Usman company as of August 31. Description Amount Total Balance per bank statement, August 31 7,211 Add: Deposit
The following is a bank reconciliation for Usman company as of August 31. Description Amount Total Balance per bank statement, August 31 7,211 Add: Deposit in transit 5,670Single line Single line12,881 Less: Outstanding checks 6,066Single line Adjusted balance, August 31 Single line6,815Double line Balance per ledger, August 31 6,989 Add: Error correction* 48Single line Single line7,037 Less: NSF check 161 222Single line Service and collection charges 61Single line Single line Adjusted balance, August 31 Single line6,815Double line * misreported payment on account
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