QUESTION 47 The Marjan Company's bank statement showed a balance of $14,087 on March 31, 2017....

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QUESTION 47 The Marjan Companys bank statement showed a balance of $14,087 on March 31, 2017. In searching its records and t

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Answer 1

Answer #1

Solution:

Adjusted bank balance on the bank reconciliation = Balance as per bank statement + Deposit in transit - Outstanding checks

= $14,087 + $1,640 - $856

= $14,871

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Answer 2

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QUESTION 47 The Marjan Company's bank statement showed a balance of $14,087 on March 31, 2017....

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QUESTION 47 The Marjan Company's bank statement showed a balance of $14,087 on March 31, 2017....

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