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Clayborn Company' bank reconciliation as of May 31 is shown below. Bank balance $15,800 Book balance $17,025 Deposit in transit Bank service fees 5,200 -25 - Outstanding checks -4,600 NSF returned -600 $16,400 $16,400 Adjusted bank balance Adjusted book balance One of the adjusting journal entries that Clayborn must record as a result of the bank reconciliation includes:

Clayborn Company' bank reconciliation as of May 31 is shown below. Bank balance $15,800 Book balance $17,025 Deposit in transit Bank service fees 5,200 -25 - Outstanding checks -4,600 NSF returned -600 $16,400 $16,400 Adjusted bank balance Adjusted book balance One of the adjusting journal entries that Clayborn must record as a result of the bank reconciliation includes:

Financial And Managerial Accounting
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter7: Internal Control And Cash
Section: Chapter Questions
Problem 22E
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Clayborn Company' bank reconciliation as of May 31 is shown below. Bank balance $15,800 Book balance $17,025 Deposit in transit Bank service fees 5,200 -25 - Outstanding checks -4,600 NSF returned -600 $16,400 $16,400 Adjusted bank balance Adjusted book balance One of the adjusting journal entries that Clayborn must record as a result of the bank reconciliation includes:
Transcribed Image Text:Clayborn Company' bank reconciliation as of May 31 is shown below. Bank balance $15,800 Book balance $17,025 Deposit in transit Bank service fees 5,200 -25 - Outstanding checks -4,600 NSF returned -600 $16,400 $16,400 Adjusted bank balance Adjusted book balance One of the adjusting journal entries that Clayborn must record as a result of the bank reconciliation includes:
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