Question: Jayden Randolph owns Randolph Electric. Jayden asks you to explain how he should treat the following items when reconciling the company's bank account: (a) Outstanding

Jayden Randolph owns Randolph Electric. Jayden asks you to explain how he should treat the following items when reconciling the company's bank account:
(a) Outstanding cheques of $1,200
(b) Deposits in transit of $5,250
(c) Debit memorandum for bank service charge of $25
(d) EFT of $1,970 from a customer for goods received

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