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Journalize the adjusting entries at september

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Reference no: EM133170475

Question - The following information is for Sunland Company in September:

1. Cash balance per bank, September 30, $6,400.

2. Cash balance per books, September 30, $4,710.

3. Outstanding cheques, $3,180.

4. Bank service charge, $24.

5. NSF cheque from customer, $230.

6. Deposits in transit, $1,346.

7. EFT receipts from customers in payment of their accounts, $74.

8. Cheque #212 was correctly written and posted by the bank as $426. Sunland Company had recorded the cheque as $462 in error. The cheque was written for the purchase of supplies.

Required -

a) Prepare a bank reconciliation at September 30, 2021.

b) Journalize the adjusting entries at September 30, 2021, on Sunland Company's books.

Reference no: EM133170475

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