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The statement from Jackson County Bank on December 31 showed a balance of $27,541. A comparison of the bank statement with the Cash account
The statement from Jackson County Bank on December 31 showed a balance of $27,541. A comparison of the bank statement with the Cash account revealed the following facts. 1. The bank collected a note receivable of $2,500 for Monty Corp. on December 15 through electronic funds transfer. 2. The December 31 receipts were deposited in a night deposit vault on December 31. These deposits were recorded by the bank in January.
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Financial and Managerial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
3rd edition
978-1-119-3916, 1119392132, 1119392136, 9781119391609, 1119391601, 978-1119392132
