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can you please make the journal entries for this 1. Bank Reconciliation...

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Accounting

can you please make the journal entries for this image
1. Bank Reconciliation and Journal Entries (40 marks) 54-4 The Cash account of SWITZER Ltd. reported a balance of $2,500 at August 31. 2020. Included were outstanding cheques totalling $900 and an August 31 deposit of $500 that did not appear on the bank statement. The bank statement, which came from HSBC Bank, listed an August 31, 2020, balance of $3,405. Included in the bank balance was an August 30 collection of $550 on account from a customer who pays the bank directly. The bank statement also shows a $20 service charge, 510 of interest revenue that SWITZER earned on its bank balance, and an NSF cheque for $35. Prepare a bank reconciliation to determine how much cas SWITZER actually has at August 31, 2020. S4-5 After preparing the SWITZER Ltd. bank reconciliation in Exercise 54-4, make the company's journal entries for transactions that arise from the bank reconciliation. Include an explanation with each entry. DATE ACCOUNTS DEBIT CREDIT Aug 31 Aug 31 Aug 31 Aug 31

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