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Prepare a reconciliation for jones corporation

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Reference no: EM132497168

Jones Corporation has a book balance of $134,772 and a bank balance of $139,200. The following additional information is available:

Deposits in transit $30,000

Outstanding checks $18,000

Notes Receivable collected by the bank $16,200

Bank fees $150

  • Jones Corporation incorrectly recorded on their books a check for $1,020 that should have been recorded at $642.

Question 1: Prepare a reconciliation.

Reference no: EM132497168

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