Using the information in M5- 8, prepare any journal entries needed to adjust the company's books. Reconciling
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Reconciling Item Bank Statement Company's Books a. Outstanding checks of $12,000 b. Bank sevice charge of $15 c. Deposit in transit of $2.300 d. Interest earned of $5
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Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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A journal entry is an act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company\'s debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit
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