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Prepare the bank reconciliation at the end of December. Ferro Company is ready to...

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Prepare the bank reconciliation at the end of December.

Ferro Company is ready to prepare its December 31 bank reconciliation. The following data are available: a) The November 30 bank reconciliation showed the following: deposit in transit, #51, $2,000; and cheques outstanding, #121, $1,000; #130, $2,000; and #142, $3,000. b) Ferro Company Cash account for December: $64,000 191,000 Balance, December 1 Deposits: #52-#55, $186,500: #56, $4,500 Cheques: #143-#176, $191,000: #177, $2,500; #178. $3.000: and #179, $1,500 Balance, December 31 (198,000) $57.000 Bank statement. December 31: Balance, December 1 Deposits: #51- #55 Cheques: #130, $2,000; #142, $3,000; #143-#176, $191,000 Note collected for Ferro (including $720 interest) Fund transfer received for foreign revenue (not yet recorded by Ferro) NSF cheque Bank service charges Balance, December 31 $68,000 188,500 (196,000) 6,720 10.000 (800) (90) $76,330

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