As of June 30, 2016 the bank statement showed an ending balance of $19,500. The unadjusted cash

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As of June 30, 2016 the bank statement showed an ending balance of $19,500. The unadjusted cash account balance was $15,200. The following information is available

1. Deposit in transit, $2,400

2. Credit memo in bank statement for interest earned in June, $30

3. Outstanding check, $6,690

4. Debit memo for service charge, $20

Required

a. Determine the true cash balance by preparing bank reconciliation as of June 30, 2016, using the preceding information.

b. Record in general journal format the adjusting entries necessary to correct the unadjusted book balance

Related Book For answer-question

Survey of Accounting

ISBN: 978-0077862374

4th edition

Authors: Thomas Edmonds, Christopher, Philip Olds, Frances McNair,Bor

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Posted Date: May 25, 2018 01:10 AM

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As of June 30, 2016 the bank statement showed an ending balance of $19,500. The unadjusted cash

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a Bank Reconciliation on 30 June 2016 Balance As per Bank Statement on 30 June 2016 195... View the full answer

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