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As of June 30, 2012, the bank statement showed an ending balance of $13,879.85. The unadjusted cash account balance was $13, 483.75.
The following information is available.
1. Deposit in transition $1476.30.2. Credit memo in bank statement for interest earned in June, $35.00.3. Outstanding check, $1843.74.4. Debit memo for service charge, $6.34.
Determine the true cash balance by preparing a bank reconciliation as of June 300, 2012, using the preceding information.
Compute the revised annual depreciation on each asset in 2007. Prepare the entry to record depreciation on the building in2007.
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Journalize the transactions using a perpetual inventory system. Prepare the income statement through gross profit for the month of April 2011.
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