At month-end, Edwards Inc. has outstanding checks of $779, deposits in transit of $367, service charges...
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At month-end, Edwards Inc. has outstanding checks of $779, deposits in transit of $367, service charges from the bank of $55, interest income of $18, a check returned to the bank in the amount of $338 and an error on its books that, when corrected, decreases cash by $19. What is the net adjustment to the general ledger as a result of the bank reconciliation? At month-end, Edwards Inc. has outstanding checks of $779, deposits in transit of $367, service charges from the bank of $55, interest income of $18, a check returned to the bank in the amount of $338 and an error on its books that, when corrected, decreases cash by $19. What is the net adjustment to the general ledger as a result of the bank reconciliation?
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Financial Accounting Tools for Business Decision Making
ISBN: 978-0470239803
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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