On October 31, 2015, the bank statement shows that your company has $14,056.73 in its...
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Accounting
On October 31, 2015, the bank statement shows that your company has $14,056.73 in its checking account. You are aware of three outstanding checks for a total of $3,762.19. During October, 2015, the bank rejected two deposited checks from customers totaling $ 929.19 because of insufficient funds and charged you $34.00 in service fees. You had not yet received notice about the bad checks, but you were aware of and have recorded the $34.00 of service fees. Prior to adjustment on October 31, 2015, your Cash account would have a balance of:
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