Question: intermediate accounting Shown below is the information needed to prepare the bank reconciliation for X Company at December 31, 2020 1. At December 31st, cash

intermediate accounting

intermediate accounting Shown below is the information needed to prepare the bank

Shown below is the information needed to prepare the bank reconciliation for X Company at December 31, 2020 1. At December 31st, cash per bank statement was $498,000 and cash per company's records was $485,000 2. Two debit memoranda accompanied the bank statement: service charges for December of $2,000, and a $4,000 cheek deposited by Client Tina that had been marked \"NSF\". 3. Cash receipts of $25,000 on December 3 lst were not deposited until January 3rd 4. The following check has been issued in December but was not included among the paid cheeks returned by the bank: No. 987 for $3,000 5. A note receivable for $40,000 had been collected by the bank and credited to X company's account, in addition to $1,000 interest Refer to the above: Upon preparing the bank reconciliation on December 31, 2020, Bank Service charges would have * O Decreased the cash per company's records by $2,000 0 Decreased the cash per bank statement by $2,000 0 Increased the cash per company's records by $2,000 0 None of the above

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