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What journal entry would need to be made to record the deposit in transit from the bank side of the bank reconciliation? Seriston Co. Bank

What journal entry would need to be made to record the deposit in transit from the bank side of the bank reconciliation?

Seriston Co.

Bank Reconciliation

November 24, 2020

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Debit:

Credit:

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$15,400 Book balance.... $13,150 Bank statement balance... Add: Deposit in transit deposit......... 1,200 45 Deduct: Outstanding cheques: 980 2,515 Deduct: Service charge....... #150: #169: Adjusted bank balance... $13,105 Adjusted book balance........ $13,105 Choose... Deposit in Transit Petty Cash Interest Expense Accounts Receivable Service Charge No Entry

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