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Mr. Costello compiled the following information for use in preparing the departed's bank reconciliation on september 30,2006

a. the september 30 balance in the checkbook is $5,612.80
b. the september 30 balance in the bank statement is $4,890.25
c. a comparison of the checks stubs with the cancelled checks revealed that checks in the amount of $316.40 hace not yet cleared the bank
d. the bank statement show a $20 charge for a safe deposit box. the departed does not have a safe deposit box
e. Other bank services fees for the month of september are $24. These appear on the bank statement; they hace not been recorded in the company's books
f. the departed entered check #1805 as $95 in the journal. examination of this cancelled check used to pay an account payable reveals that the correct amount of the check is $59
g. the company made a deposit of $1,015.25 in the night depository on september 30. this deposit does not appear on the bank statement.
h. a customer's check for $15.70 was returned with the bank statement, marked NSF

(1)prepare a bank reconciliation at september 30,2006
(2) journalize the entries required by the reconciliation

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9977727

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