At the end of April K Marx company received their bank statement that showed an...
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Accounting
At the end of April K Marx company received their bank statement that showed an ending balance of $5,875. K Marx company's balance in their general ledger cash account was $6,000. Based on the following information prepare a bank reconciliation.
A. The balance in the bank statement included the following items:
-An EFT of $200
-NSF Check $100
-Service charge of $25
B. The balance in K Marx company's general ledger included the following information
-Check number 105 for $300 was still outstanding
-Deposits in transit totaled $500
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