Solution-Find the compound entry to reconcile the accounts

Find the compound entry to reconcile the accounts includes a

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Jane Co. is preparing its September 30, 20x1 bank reconciliation. Relevant information is shown below:

Balance per books 1,480

Balance per bank statement 2,800

Collection on note by bank (including ?250 interest) 2,500

NSF check returned by bank 500

Bank service charges for December 70

Deposits in transit 2,200

Outstanding checks (including certified checks of ?100) 1,000

A ?600 loan amortization of Jane Co. was erroneously debited by the bank to Tarzan Co.'s account. Jane made the correct entry.
A ?650 collection of accounts receivable was erroneously recorded in the books as ? The actual amount deposited to the bank is ?650.

Problem 1: Find the compound entry to reconcile the accounts includes a

Reference no: EM132674861

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Find the compound entry to reconcile the accounts includes a : Find the compound entry to reconcile the accounts includes a. A ?600 loan amortization of Jane Co. was erroneously debited by the bank to Tarzan Co.'s account.

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Find the compound entry to reconcile the accounts includes a

Reference no: EM132674861

Reference no: EM132674861

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