Ashvin Required information[The following information applies to the questions displayed below.]On November 30, Hernandez Company's bank statement showed an ending balance of $37,501. Thefollowing information is available about Hernandez's account:1. Debit memo in bank statement for bank service charge, $1032. Deposit in transit, $3,1483. Outstanding checks, $3,4764. Customer's NSF check for $883 was returned with the bank statementRequired:a) Determine the true cash balance as of November 30.True cash balance

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Description: Ashvin Required information[The following information applies to the questions displayed below.]On November 30, Hernandez Company's bank statement showed an ending balance of $37,501. Thefollowing information is available about Hernandez's account:1.

True cash balance: The process of precisely estimating the real amount of cash accessible within the…

Answered: a) Determine the true cash balance as…

Business

Accounting

a) Determine the true cash balance as of November 30.

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter5: Cash Control Systems

Section5.2: Bank Reconciliation

Problem 1OYO

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How do I journalize this in the genral journal, what accounts would I use?
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