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Using the following information, select Yes or No for the items that will require adjustments to the accounts of Salem Co. (a) The bank statement
Using the following information, select "Yes" or "No" for the items that will require adjustments to the accounts of Salem Co. (a) The bank statement balance is $2,597. (b) The cash account balance is $2,680. (c) Outstanding checks amounted to $703. (d) Deposits in transit are $732. (e) The bank service charge is $25. (f) Interest added to the checking account by the bank is $7. (g) A check drawn for $59 was incorrectly charged by the bank as $95
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