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Prepare the bank reconciliation and adjusting entries

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Reference no: EM132497328

The bank returned a check deposit amounting to P5,000 because of insufficiency in the funds of the drawer. The check was received from a customer as payment for accounts receivable.

Requirements:

Question a. Prepare the bank reconciliation.

Question b. Prepare the adjusting (reconciling) entries.

Reference no: EM132497328

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