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Prepare the bank reconciliation for uptown company

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Reference no: EM132745924

Problem 1: Prepare the bank reconciliation for Uptown Company and complete the adjusting journal entries after the reconciliation done for November 30, 2018 using the following information:

  1. The balance on the November 30, 2018 bank statement is $43,504.55
  2. The balance per the November 30, 2018 books is $ 49,634.55.
  3. Outstanding cheques as of November 30, 2018, amount to $2,250.
  4. Deposits in transit as of November 30, 2018, amount to $1,500.
  5. The accountant mistakenly recorded a $260 cash payment as $215.
  6. The bank by mistake recorded a $6,800 deposit made by Uptown Company on November 13 into the account of a different company.
  7. The bank statement indicated bank service charges of $35 for November.

Reference no: EM132745924

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