Question: DO IT! 7.3 (LO 3), C Ned Douglas owns Ned's Blankets. Ned asks you to explain how he should treat the following reconciling items when

DO IT! 7.3 (LO 3), C Ned Douglas owns Ned's Blankets. Ned asks you to explain how he should treat the following reconciling items when reconciling the company's bank account. 1. Outstanding checks. 2. A deposit in transit. 3. The bank charged to our account a check written by another company. 4. A debit memorandum for a bank service charge

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