The following information pertains to Sheridan Company. 1. Cash balance per books, August 31, $7,374. 2....
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The following information pertains to Sheridan Company. 1. Cash balance per books, August 31, $7,374. 2. Cash balance per bank, August 31, $7,338. 3. Outstanding checks, August 31, $694. 4. August bank service charge not recorded by the depositor $46. 5. Deposits in transit, August 31, $3,010. In addition, $2,326 collected for Sheridan Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Sheridan Company. The following information pertains to Sheridan Company. 1. Cash balance per books, August 31, $7,374. 2. Cash balance per bank, August 31, $7,338. 3. Outstanding checks, August 31, $694. 4. August bank service charge not recorded by the depositor $46. 5. Deposits in transit, August 31, $3,010. In addition, $2,326 collected for Sheridan Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Sheridan Company.
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Financial Reporting and Analysis
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6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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