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The following bank statement for the month of May is for El Guapo Industries: The following information was taken from

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The following bank statement for the month of May is for El Guapo Industries:
The following bank statement for the month of May is

The following information was taken from the books at El Guapo:

The following bank statement for the month of May is

Required
Prepare El Guapo's May bank reconciliation and prepare any necessary journal entries resulting from the reconciliation.

Transcribed Image Text:

Bank Statement Checks Deposits Balance 12,000 Balance, May 1 Deposits recorded during May Checks cleared during May 34,000 NSF checks Hugo Company 2,500 Interest collected on note receivable Bank service charge Service charge for new checks Balance, May 31 46,000 5,600 35 65 27,000 Balance, May 1 Deposits during May Checks written during May 12,000 48,500 36,500

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Related Book For  answer-question
Financial ACCT2

Financial ACCT2

ISBN: 978-1111530761

2nd edition

Authors: Norman H. Godwin, C. Wayne Alderman

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Question Posted: July 16, 2015 02:20:16
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