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This one was really challenging, help please :( The statement from Jackson County Bank on December 31 showed a balance of $26,130. A comparison of

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The statement from Jackson County Bank on December 31 showed a balance of $26,130. A comparison of the bank statement with the Cash account revealed the following facts. 1. The bank collected a note receivable of $2,200 for Fullerton Company 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. 3. Checks outstanding on December 31 totaled $1.210. 4. On December 31 , the bank statement showed an NSF charge of $680 for a check received by the company from L. Bryan, a customer, on account. Prepare a bank reconciliation as of December 31 based on the available information. (Hint: The cash balagce per books is $26,100. This can be proven by finding the balance in the Cash account from parts (a) and (b).) (List items that increase cash bolance first. Reconcile cash balance per bank first.) Journalize the adjusting entries resulting from the bank reconciliation and adjustment data. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Post the adjusting entries to the ledger T-accounts. (Post entries in the order of journal entries presented in the previous part.) Prepare an adjusted trial balance. (Do not list those occounts that have zero ending balance.) Prepare a classified balance sheet at December 31. (List Current Assets in the order of liquidity.)

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