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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
What is the adjustment balance of cash in bank of Mickey Mouse Corporation in November 2020?

Transcribed Image Text:Information concerning the cash records of Mickey Mouse Corporation for the months of
November and December 2020 are shown below:
Nov-30 Dec-31
Book balance
Book debits
Book credits
Bank balance
Bank debits
Bank credits
Bank service charge
Notes collected by bank on behalf of SNSD
NSF checks
Deposit in transit
Outstanding checks
Deposit of 2NE1 Corporation erroneously credited to SNSD 3,800
|Check erroneously debited by the bank to SNSD Company
?
50,820
87,300
63,800
34,000 61,920
55,280
?
250
300
4,100
3,200
12,000 22,500
19,500 35,700
2,900
2,500
3,500
1,870
3,000
Expert Solution
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