Problemhabo corporation is preparing a bank reconciliation, Ask an Expert

Accounting

Problem:

Habo Corporation is preparing a bank reconciliation and has identified the following potential reconciling items.

Deposit in transit $6,348.
Bank service charges $39.
Interest credited to Horton's account $49.
Outstanding checks $7,620.
NSF check returned $497.

Required:

Question: Prepare any entries necessary to make Horton's accounting records correct and complete.

Note: Be sure to show how you arrived at your answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91164579

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