Blue Company is unable to reconcile the bank balance at January 31. Blues reconciliation is...
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Accounting
Blue Company is unable to reconcile the bank balance at January 31. Blues reconciliation is as follows.
Cash balance per bank $5,300
Add: NSF check 1,490
Less: Bank service charge 25
Adjusted balance per bank $6,815
Cash balance per books $5,905
Less: Deposits in transit 950
Add: Outstanding checks 1,860
Adjusted balance per books $6,815
Prepare a correct bank reconciliation. (List items that increase cash balance first.)
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