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Explain how she should treat the reconciling items

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Sally Kist owns Linen Kist Fabrics. Sally asks you to explain how she should treat the reconciling items when reconciling the company"s bank account: (1) a debit memorandum for an NSF check, (2) a credit memorandum for a note collected by the bank, (3) outstanding checks, and (4) a deposit in transit.

Reference no: EM13512284

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