4. Prepare a bank reconciliation for Smith Company based on the following information: Balance per...
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4. Prepare a bank reconciliation for Smith Company based on the following information: Balance per Books: $300,000 Balance per Bank: $330,000 Deposits in Transit: $50,000 Bank Fees: $1,000 Smith Company deposited $99,000, in the bank. Smith Company mistakenly recorded the deposit in their accounting records as $90,000. Outstanding Checks: $82,000 Nonsufficient Funds Check: $10,000
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