FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6:
- Cash balance according to the company's records at August 31, $24,930.
- Cash balance according to the bank statement at August 31, $26,260.
- Checks outstanding, $5,060.
- Deposit in transit not recorded by bank, $4,060.
- A check for $590 in payment of an account was erroneously recorded in the check register as $950.
- Bank debit memo for service charges, $30.
Date | Account | Debit | Credit |
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a. 20Y6 August 31 |
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b. August 31 |
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