Linus Hugt owns Linus Blankets. Linus asks you to explain how he should treat the following reconciling

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Linus Hugt owns Linus Blankets. Linus asks you to explain how he should treat the following reconciling items when reconciling the company’s bank account.
1. Outstanding checks
2. A deposit in transit
3. The bank charged to our account a check written by another company
4. A debit memorandum for a bank service charge


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Accounting Principles

ISBN: 978-0470533475

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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