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How each of the items listed would be handled

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Reference no: EM132949071

Problem 1: Indicate how each of the items listed would be handled when preparing a bank reconciliation as at June 30, 2021

  • Outstanding checks from the current month amounted to $100
  • Deposits made on June 30 that did not appear on the June bank statement.
  • Cheque #390 for $250 was correctly written and paid by the bank but incorrectly entered in the general journal for $520.
  • Bank debit memorandum for service charges
  • An EFT of $700 was received from a customer in payment for their amounts owed.

Reference no: EM132949071

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