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Mathematics, 17.02.2020 09:14 bryan334
The May bank statement for Rental shows a balance of $6,000, but the balance per books shows a cash balance of $8,000. Other information includes: 1. A check for $190 to pay the electric bill was recorded on the books as $10. 2. Included on the bank statement was a note collected by the bank for $450 plus interest of $30. 3. Checks outstanding totaled $270. 4. Bank service charges were $60. 5. Deposits in transit were $2,510. Which item(s) will require a journal entry to update the balance in the Cash account?
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The May bank statement for Rental shows a balance of $6,000, but the balance per books shows a cash...
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