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Show Attempt History Current Attempt in Progress Sheffield is unable to reconcile the bank balance at January 31. Sheffield's reconciliation is as follows. Cash balance per bank $4,060.20 Add: NSF check 440.00 Less: Bank service charge 34.00 Adjusted balance per bank $4,466.20 Cash balance per books $4,375.20 Less: Deposits in transit 780.00 Add: Outstanding checks 939.00 Adjusted balance per books $4,534.20

Show Attempt History Current Attempt in Progress Sheffield is unable to reconcile the bank balance at January 31. Sheffield's reconciliation is as follows. Cash balance per bank $4,060.20 Add: NSF check 440.00 Less: Bank service charge 34.00 Adjusted balance per bank $4,466.20 Cash balance per books $4,375.20 Less: Deposits in transit 780.00 Add: Outstanding checks 939.00 Adjusted balance per books $4,534.20

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter4: Internal Control And Cash
Section: Chapter Questions
Problem 47E
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(b) Journalize the entries required by the reconciliation. (Credit account titles are automatically indented when amount is entere indent manually. Round answers to 2 decimal places, e.g. 52.75.) No. Account Titles and Explanation Debit Credit 1. (To record NSF check.) (To record bank service charge.) eTextbook and Media List of Accounts Save for Later Attempts: 0 of 2 used Submi li Z A APR 19 étv 2.
Transcribed Image Text:(b) Journalize the entries required by the reconciliation. (Credit account titles are automatically indented when amount is entere indent manually. Round answers to 2 decimal places, e.g. 52.75.) No. Account Titles and Explanation Debit Credit 1. (To record NSF check.) (To record bank service charge.) eTextbook and Media List of Accounts Save for Later Attempts: 0 of 2 used Submi li Z A APR 19 étv 2.
View Policies Show Attempt History Current Attempt in Progress Sheffield is unable to reconcile the bank balance at January 31. Sheffield's reconciliation is as follows. Cash balance per bank $4,060.20 Add: NSF check 440.00 Less: Bank service charge 34.00 Adjusted balance per bank $4,466.20 Cash balance per books $4,375.20 Less: Deposits in transit 780.00 Add: Outstanding checks 939.00 Adjusted balance per books $4,534.20 (a) Your answer is correct. APR 1 ali Z A 19 étv
Transcribed Image Text:View Policies Show Attempt History Current Attempt in Progress Sheffield is unable to reconcile the bank balance at January 31. Sheffield's reconciliation is as follows. Cash balance per bank $4,060.20 Add: NSF check 440.00 Less: Bank service charge 34.00 Adjusted balance per bank $4,466.20 Cash balance per books $4,375.20 Less: Deposits in transit 780.00 Add: Outstanding checks 939.00 Adjusted balance per books $4,534.20 (a) Your answer is correct. APR 1 ali Z A 19 étv
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