The bank reconciliation shows the following adjustments: Deposits in transit: $852 Notes receivable collected by
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The bank reconciliation shows the following adjustments:
• Deposits in transit: $852
• Notes receivable collected by bank: $1,000; interest: $20
• Outstanding checks: $569
• Error by bank: $300
• Bank charges: $30
Prepare the correcting journal entry.
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Related Book For 
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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