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Determine deposit in transit and checks outstanding

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RAM company maintains its checking account with the commerz bank. The company is ready to prepare its december 32 bank reconciliation. The following data are avalaible.

a) cash on hand, $400

b) deposit in transit $200

c) checks outstanding  NO. 121  $1000

                                NO.130   $2000

                                NO.       $3000

Question i) Determine deposit in transit and checks outstanding

Question ii) Prepare the December 31 Bank reconcilliation

Question iii) Give all journal entries that should at December 31

Reference no: EM132512753

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