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West company shows the following data: Balance per cash account $3,260 Balance per bank statement 3,908 Outstanding checks 1,400 Deposit in transit 3,972 Bank service
West company shows the following data:
Balance per cash account $3,260
Balance per bank statement 3,908
Outstanding checks 1,400
Deposit in transit 3,972
Bank service charges 75
Note collected by bank ($340= interest) 3,340
Check returned by the bank for insufficient funds 225
Error in recording a check for office supplies. The amount on the check is $350, but it was recorded as $530.
How to present a bank reconciliation for the company as of 11/30/17 and to record any necessary journal entries for the West company?
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