Problem B: Jones Corporation has a book balance of $22,462 and a bank balance of...
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Accounting
Problem B: Jones Corporation has a book balance of $22,462 and a bank balance of 23,200. The following additional information is available:
Deposits in transit $5,000
Outstanding checks $3,000
Notes Receivable collected by the bank $2,700
Bank fees $25
Jones Corporation incorrectly recorded on their books a check for $170 that should have been recorded at $107
Prepare a reconciliation.
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