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RAM company maintains its checking account with the commerz bank. The company is ready to prepare its december 32 bank reconciliation. The following data are avalaible.
a) cash on hand, $400
b) deposit in transit $200
c) checks outstanding NO. 121 $1000
NO.130 $2000
NO. $3000
Question i) Determine deposit in transit and checks outstanding
Question ii) Prepare the December 31 Bank reconcilliation
Question iii) Give all journal entries that should at December 31
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questionmercer mechanics offers a one-day sale on battery installation. during the progression of the day the mechanics
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