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Using the following information and prepare a bank reconciliation.

Using the following information and prepare a bank reconciliation.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Using the following information and prepare a bank reconciliation. Balance per bank statement, July 31, $14,081. Ledger account balance, July 31, $8,195. Proceeds of a note collected by bank not yet entered in ledger, includes interest of $400, $6,007. Bank service charges not yet entered by Kozma Company, $25. Deposit in transit, $1,624. Outstanding checks: No. 327 No. 328 No. 329 No. 331 Balance (ending) Add: Deposit in transit Sub-total Less: Outstanding Checks No 327 No. 328 $642 $237 $459 $190 No. 329 No 331 Total V V Adjusted Balance BANK 642 237 459 190 14081 D
Transcribed Image Text:Using the following information and prepare a bank reconciliation. Balance per bank statement, July 31, $14,081. Ledger account balance, July 31, $8,195. Proceeds of a note collected by bank not yet entered in ledger, includes interest of $400, $6,007. Bank service charges not yet entered by Kozma Company, $25. Deposit in transit, $1,624. Outstanding checks: No. 327 No. 328 No. 329 No. 331 Balance (ending) Add: Deposit in transit Sub-total Less: Outstanding Checks No 327 No. 328 $642 $237 $459 $190 No. 329 No 331 Total V V Adjusted Balance BANK 642 237 459 190 14081 D
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