Purpose a bank reconciliation for december 2009

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Reference no: EM1315228

Bank-Reconciliation-Statement

The unadjusted cash account balance for Chang Company at December 31, 2009 is $21,342. The bank statement showed an ending balance of $27,350 at d

December 31, 2009. The following information is available from an examination of the bank statement and the company's accounting records:
Bank Service charge $29
Outstanding checks $7,700
NSF check from customer $540
Deposit in transit $1,321

Check #433 for the purchase of inventory was written correctly and paid by the bank correctly for $234, but was recorded on the books at $432. Chang uses the perpetual inventory system.

Prepare a bank reconciliation for December, 2009.

Reference no: EM1315228

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