Brown Corporation end of the month records at September 30, 2023 included the following: Bank statement...
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Brown Corporation end of the month records at September 30, 2023 included the following: Bank statement for September 30-$3,725 General ledger cash balance - $3,095 Customer note collected by the bank $2,275 Outstanding checks - $1,465 Check printing fees - $25 Non-sufficient funds check-$435 Deposits in transit - $2,650 REQUIRED: (a) Prepare a bank reconciliation as of September 30. (b) Prepare any necessary adjusting journal entries necessary as a result of the bank reconciliation. Brown Corporation end of the month records at September 30, 2023 included the following: Bank statement for September 30-$3,725 General ledger cash balance - $3,095 Customer note collected by the bank $2,275 Outstanding checks - $1,465 Check printing fees - $25 Non-sufficient funds check-$435 Deposits in transit - $2,650 REQUIRED: (a) Prepare a bank reconciliation as of September 30. (b) Prepare any necessary adjusting journal entries necessary as a result of the bank reconciliation.
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b Adjusting Journal Entries The following adjusting ... View the full answer
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
Posted Date:
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