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Discuss bank reconciliation and necessary journal entries

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Prepare a bank reconciliation and necessary journal entries for Binger Company the following information relates to binger company's cash account and October bank statement

Balance per bank, Oct 31, 2017 $9916
Balance per books, Oct 31, 2017 $11,386
Outstanding checks $1915
Deposits in transit $1,310
Check of Zinger Company deducted from binger's account in error, $416

Note collected from costumer on Binger's behalf (not yet recorded by Binger) $1,800 plus $60 interest
Bank Service fee $10

Customer check deposited Oct. 27, 2017, returned by bank marked NSF, $506

Binger Company note payable to bank, drafted from Binger's account at maturity by the bank (including $30 interest) $3,030

A payment of $147 to the utility company was recorded by the Binger's bookkeeper as a credit to cash from $174. The utility bill was for the amount of $174

Reference no: EM131762104

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