From the following information, construct a bank reconciliation for Boom Co. as of February 28, 201X. Then
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From the following information, construct a bank reconciliation for Boom Co. as of February 28, 201X. Then prepare journal entries if needed.
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Checkbook balance $1,493 Outstanding checks $738 Bank statement balance 1,450 Bank service charge 60 Deposits (in transit) 700 NSF: Elizabeth Klecan's check in payment of account was returned for insufficient funds 21
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Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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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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