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reparing a bank reconciliation and recording adjustments L06 Problem 7-7B Preparing CHECK FIGURE: 1. The following informa 4
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1 Frogbox Moving
Bank Reconciliation, December 31, 2020
Company's Book Bank Statement
Ending Balance per cash account $16,562 Ending Balance per bank statement $36,780
Additions: Additions:
Error in recording $720 Deposit in transit $4,293
Fund Transfer $22,800 $23,520
$40,082 $41,073
Deduct: Deductions:
NSF Cheque $4,000 Outstanding cheques $5,298
Bank Charges ($150 + $64 + $93) $307 $4,307 ($1,119 + $2,507 + $1,672)
Ending correct cash balance $35,775 Ending correct cash balance $35,775
2
General Journal Debit Credit
Accounts Receivable $4,000
Cash $4,000
(NSF Cheque)
Bank Charges $64
Cash $64
(Fee for processing)
Bank Charges $64
Cash $64
(Cheque printing)
Cash $22,800
Accounts receivable $22,800
(Fund transfer by the customer)
Bank Charges $64
Cash $64
(Bank Service charges)
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