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This problem continues the Splashed Canoe Company from the previous assignments. Splashed Canoe Company has decided to open a new checking account at River Nations
This problem continues the Splashed Canoe Company from the previous assignments. Splashed Canoe Company has decided to open a new checking account at River Nations Bank during March Splashed Canoe Companys March Cash Taccount for the new cash account from its general ledger is as follows:
Cash River Nations Bank Checking Acct
Mar Balance
Deposit Mar ck#
Deposit ck#
Deposit ck#
Deposit ck#
Deposit ck#
ck#
ck#
Balance
Splashed Canoe Companys bank statement dated March follows:
Beginning Balance, March $
Deposits and other credits:
Mar $
EFT Sport Shirts
Interest Revenue
Checks and other debits:
Mar EFT to Bank Checks
Ck#
Ck#
Ck#
Ck#
EFT to Rivers Energy
ck#
Bank Service Charge $
Ending Balance, March $
Sport Shirts is a customer making a pymt on account.
Bank Checks is a company that prints business checks considered a bank expense
Rivers Energy is a utility provider
Requirements
Prepare the bank reconciliation at March
Journalize any transactions required from the bank reconciliation.
Compute the adjusted account balance for the Cash Taccount, and denote the balance as End. Bal. Does the adjusted balance of the Cash Taccount match the adjusted book balance on the bank reconciliation?
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