Howel Company, when preparing its bank reconciliation, notes the following reconciling items: (a) Bank service charge of

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Howel Company, when preparing its bank reconciliation, notes the following reconciling items:

(a) Bank service charge of $50,

(b) NSF cheque of $440,

(c) A recording error where a cheque issued for supplies was recorded in the books as $500 but it was actually for $50. Prepare the adjusting journal entries for Howel Company on August 31.

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Related Book For  answer-question

Accounting Principles Volume 1

ISBN: 978-1119502425

8th Canadian Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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