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Prepare the journal entries that Bulgakov Co must make

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Question - Bulgakov Co's books show a month-end balance of $10,270, whereas the recently-received bank statement has an ending balance of $12,870. The following information is available:

Outstanding checks were $6,725. The bank statement indicates interest collected of $600 and a bank service charge of $75. Deposits-in-transit were $4,650. Prepare the journal entries that Bulgakov Co. must make to correct its books. Bank reconciliation is not required!

Reference no: EM133072840

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